Vetr upgraded shares of On Deck Capital Inc. (NYSE:ONDK) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning. Vetr currently has $6.60 target price on the stock.
A number of other research firms have also recently issued reports on ONDK. Janney Montgomery Scott reissued a fair value rating and issued a $6.12 target price (down from $7.00) on shares of On Deck Capital in a research note on Wednesday, August 24th. FBR & Co boosted their target price on On Deck Capital from $6.00 to $6.50 and gave the company a mkt perform rating in a research note on Friday, September 16th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $7.00 price objective on shares of On Deck Capital in a research report on Thursday, September 15th. Guggenheim initiated coverage on On Deck Capital in a research report on Tuesday, September 20th. They set a neutral rating for the company. Finally, Jefferies Group reaffirmed a hold rating on shares of On Deck Capital in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $8.36.
Shares of On Deck Capital (NYSE:ONDK) opened at 5.60 on Monday. The firm has a 50-day moving average price of $6.04 and a 200-day moving average price of $5.94. The firm’s market cap is $397.17 million. On Deck Capital has a 12-month low of $4.20 and a 12-month high of $12.85.
On Deck Capital (NYSE:ONDK) last posted its earnings results on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The firm earned $69.50 million during the quarter, compared to analysts’ expectations of $67.83 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that On Deck Capital will post ($0.65) EPS for the current year.
In other news, CFO Howard Katzenberg sold 24,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was 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 $2,031,311.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 35.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC purchased a new position in shares of On Deck Capital during the second quarter worth $107,000. Nisa Investment Advisors LLC purchased a new position in shares of On Deck Capital during the second quarter worth $118,000. BlackRock Advisors LLC raised its position in shares of 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 period. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of On Deck Capital during the second quarter worth $124,000. Finally, KCG Holdings Inc. purchased a new position in shares of On Deck Capital during the second quarter worth $137,000. Institutional investors own 79.33% of the company’s stock.
About On Deck Capital
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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