On Deck Capital (NYSE:ONDK) Given “Neutral” Rating at BTIG Research

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On Deck Capital (NYSE:ONDK)‘s stock had its “neutral” rating reiterated by equities researchers at BTIG Research in a note issued to investors on Tuesday, Briefing.com Automated Import reports.

Several other research firms have also recently commented on ONDK. Maxim Group reissued a “buy” rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Friday, May 3rd. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Stephens set a $25.00 target price on shares of Schneider National and gave the stock a “buy” rating in a research report on Friday, May 3rd. B. Riley set a $42.00 target price on shares of Carbonite and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.86.

On Deck Capital stock opened at $3.92 on Tuesday. On Deck Capital has a 52 week low of $3.80 and a 52 week high of $9.41. The business’s 50 day moving average price is $4.12. The company has a debt-to-equity ratio of 2.69, a quick ratio of 16.87 and a current ratio of 16.87. The company has a market cap of $302.92 million, a PE ratio of 9.12 and a beta of 1.86.

On Deck Capital (NYSE:ONDK) last posted its earnings results on Thursday, May 2nd. The credit services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. On Deck Capital had a net margin of 8.48% and a return on equity of 12.24%. The firm had revenue of $110.20 million for the quarter, compared to analysts’ expectations of $110.23 million. During the same quarter last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, sell-side analysts expect that On Deck Capital will post 0.33 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of On Deck Capital by 48.7% in the fourth quarter. Rhumbline Advisers now owns 66,427 shares of the credit services provider’s stock worth $392,000 after purchasing an additional 21,750 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of On Deck Capital by 5.3% in the fourth quarter. California Public Employees Retirement System now owns 29,921 shares of the credit services provider’s stock valued at $177,000 after buying an additional 1,509 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of On Deck Capital by 96.0% in the fourth quarter. New York State Common Retirement Fund now owns 318,571 shares of the credit services provider’s stock valued at $1,880,000 after buying an additional 155,998 shares during the period. BlackRock Inc. lifted its holdings in shares of On Deck Capital by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,674,855 shares of the credit services provider’s stock valued at $21,683,000 after buying an additional 85,019 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of On Deck Capital by 19.5% in the fourth quarter. Bank of New York Mellon Corp now owns 210,689 shares of the credit services provider’s stock valued at $1,243,000 after buying an additional 34,439 shares during the period. Institutional investors own 71.51% of the company’s stock.

On Deck Capital Company Profile

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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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