On Deck Capital (ONDK) Price Target Raised to $9.00 at UBS Group
On Deck Capital (NYSE:ONDK) had its target price hoisted by UBS Group from $6.50 to $9.00 in a research note published on Thursday morning, www.benzinga.com reports. They currently have a neutral rating on the credit services provider’s stock.
Other equities research analysts also recently issued research reports about the company. B. Riley started coverage on On Deck Capital in a report on Wednesday, August 22nd. They set a buy rating and a $14.00 price target for the company. ValuEngine upgraded On Deck Capital from a hold rating to a buy rating in a report on Saturday, June 2nd. TheStreet upgraded On Deck Capital from a d+ rating to a c- rating in a report on Monday, May 7th. Stephens reiterated a hold rating and set a $8.00 price target on shares of On Deck Capital in a report on Wednesday, August 8th. Finally, BTIG Research reiterated a neutral rating on shares of On Deck Capital in a report on Wednesday, May 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $8.14.
Shares of NYSE ONDK traded down $0.01 during midday trading on Thursday, hitting $8.30. 47,685 shares of the stock traded hands, compared to its average volume of 829,771. The company has a market cap of $629.32 million, a price-to-earnings ratio of -51.88 and a beta of 1.51. On Deck Capital has a one year low of $4.11 and a one year high of $9.41. The company has a quick ratio of 26.85, a current ratio of 26.85 and a debt-to-equity ratio of 2.72.
A number of hedge funds have recently bought and sold shares of ONDK. Los Angeles Capital Management & Equity Research Inc. purchased a new position in On Deck Capital in the second quarter worth $118,000. MetLife Investment Advisors LLC purchased a new position in On Deck Capital in the fourth quarter worth $143,000. Quantitative Systematic Strategies LLC boosted its position in On Deck Capital by 153.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 25,879 shares of the credit services provider’s stock worth $145,000 after purchasing an additional 15,677 shares during the last quarter. California Public Employees Retirement System purchased a new position in On Deck Capital in the first quarter worth $145,000. Finally, Fox Run Management L.L.C. purchased a new position in On Deck Capital in the second quarter worth $158,000. 77.10% of the stock is currently owned by institutional investors and hedge funds.
About On Deck Capital
On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.
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