Vetr upgraded shares of On Deck Capital Inc. (NYSE:ONDK) from a hold rating to a buy rating in a research note published on Monday morning. They currently have $6.60 price target on the stock.
ONDK has been the topic of several other reports. Chardan Capital initiated coverage on shares of On Deck Capital in a report on Thursday, August 4th. They issued a buy rating and a $5.08 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of On Deck Capital from $8.00 to $6.50 and set a neutral rating on the stock in a report on Tuesday, August 9th. FBR & Co reissued a market perform rating and issued a $6.50 target price on shares of On Deck Capital in a report on Monday, June 13th. Janney Montgomery Scott initiated coverage on shares of On Deck Capital in a report on Thursday, July 7th. They issued a buy rating and a $4.89 target price on the stock. Finally, Jefferies Group reissued a hold rating on shares of On Deck Capital in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. On Deck Capital currently has an average rating of Hold and an average price target of $8.36.
On Deck Capital (NYSE:ONDK) opened at 5.84 on Monday. On Deck Capital has a 12-month low of $4.20 and a 12-month high of $12.85. The company’s market cap is $414.19 million. The stock’s 50 day moving average is $6.06 and its 200 day moving average is $6.01.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. On Deck Capital had a negative net margin of 11.75% and a negative return on equity of 9.58%. The business earned $69.50 million during the quarter, compared to analysts’ expectations of $67.83 million. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that On Deck Capital will post ($0.65) earnings per share for the current year.
In related news, CFO Howard Katzenberg sold 24,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $5.23, for a total transaction of $125,520.00. Following the transaction, the chief financial officer now owns 388,396 shares in the company, valued at approximately $2,031,311.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 35.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC increased its position in On Deck Capital by 406.9% in the second quarter. BlackRock Investment Management LLC now owns 202,691 shares of the company’s stock worth $1,044,000 after buying an additional 162,705 shares during the last quarter. BlackRock Advisors LLC increased its position in On Deck Capital by 146.1% in the second quarter. BlackRock Advisors LLC now owns 23,420 shares of the company’s stock worth $121,000 after buying an additional 13,905 shares during the last quarter. Vanguard Group Inc. increased its position in On Deck Capital by 11.7% in the second quarter. Vanguard Group Inc. now owns 2,654,516 shares of the company’s stock worth $13,670,000 after buying an additional 277,856 shares during the last quarter. Baillie Gifford & Co. increased its position in On Deck Capital by 3.5% in the second quarter. Baillie Gifford & Co. now owns 2,231,608 shares of the company’s stock worth $11,492,000 after buying an additional 75,000 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in On Deck Capital by 297.3% in the second quarter. Nationwide Fund Advisors now owns 30,588 shares of the company’s stock worth $158,000 after buying an additional 22,890 shares during the last quarter. Institutional investors own 79.33% of the company’s stock.
On Deck Capital Company Profile
On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.
To view Vetr’s full report, visit Vetr’s official website.
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