On Deck Capital (ONDK) Cut to “Hold” at ValuEngine

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ValuEngine cut shares of On Deck Capital (NYSE:ONDK) from a buy rating to a hold rating in a report published on Thursday.

A number of other research firms have also commented on ONDK. B. Riley reaffirmed a buy rating on shares of On Deck Capital in a research report on Wednesday, November 7th. Janney Montgomery Scott set a $12.00 price target on On Deck Capital and gave the company a buy rating in a research report on Tuesday, November 6th. Zacks Investment Research lowered On Deck Capital from a buy rating to a hold rating in a research report on Thursday, November 8th. UBS Group raised On Deck Capital from a neutral rating to a buy rating and upped their price target for the company from $9.00 to $11.00 in a research report on Wednesday, November 28th. Finally, Maxim Group lowered On Deck Capital from a buy rating to a hold rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $9.25.

ONDK opened at $5.75 on Thursday. The company has a market cap of $431.51 million, a price-to-earnings ratio of 13.37 and a beta of 1.93. The company has a debt-to-equity ratio of 2.80, a current ratio of 29.62 and a quick ratio of 29.62. On Deck Capital has a one year low of $4.86 and a one year high of $9.41.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Tuesday, February 12th. The credit services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $109.48 million during the quarter, compared to analyst estimates of $105.27 million. On Deck Capital had a return on equity of 12.07% and a net margin of 6.95%. On Deck Capital’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. Equities research analysts forecast that On Deck Capital will post 0.42 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in ONDK. BlackRock Inc. raised its position in shares of On Deck Capital by 14.7% in the 2nd quarter. BlackRock Inc. now owns 3,420,168 shares of the credit services provider’s stock worth $23,941,000 after acquiring an additional 439,494 shares in the last quarter. Northern Trust Corp raised its position in shares of On Deck Capital by 13.7% in the 2nd quarter. Northern Trust Corp now owns 580,884 shares of the credit services provider’s stock worth $4,066,000 after acquiring an additional 69,860 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of On Deck Capital in the 3rd quarter worth approximately $1,007,000. Russell Investments Group Ltd. bought a new position in shares of On Deck Capital in the 3rd quarter worth approximately $384,000. Finally, Columbus Circle Investors bought a new position in shares of On Deck Capital in the 3rd quarter worth approximately $7,565,000. 77.68% of the stock is owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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