On Deck Capital (NYSE:ONDK) Lowered to “Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of On Deck Capital (NYSE:ONDK) from a hold rating to a sell rating in a report issued on Friday morning, Zacks.com reports.

According to Zacks, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States. “

A number of other research analysts have also commented on the company. Stephens set a $6.00 price objective on On Deck Capital and gave the company a hold rating in a research report on Friday, May 3rd. UBS Group lowered On Deck Capital from a buy rating to a neutral rating and decreased their price objective for the company from $7.00 to $4.00 in a research report on Thursday, August 1st. ValuEngine lowered On Deck Capital from a sell rating to a strong sell rating in a research report on Friday, May 3rd. BTIG Research upgraded On Deck Capital from a neutral rating to a buy rating and set a $4.25 price objective on the stock in a research report on Tuesday, July 30th. Finally, Maxim Group reiterated a hold rating on shares of On Deck Capital in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $6.63.

Shares of ONDK opened at $3.52 on Friday. The company has a market cap of $270.27 million, a price-to-earnings ratio of 8.19 and a beta of 1.86. The company has a debt-to-equity ratio of 2.69, a current ratio of 16.87 and a quick ratio of 16.87. The company has a fifty day moving average price of $3.95. On Deck Capital has a 52 week low of $2.88 and a 52 week high of $9.41.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, July 29th. The credit services provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $110.25 million for the quarter, compared to analyst estimates of $110.11 million. On Deck Capital had a return on equity of 11.04% and a net margin of 7.85%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities analysts forecast that On Deck Capital will post 0.25 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in shares of On Deck Capital by 66.7% in the 4th quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 2,200 shares during the last quarter. Alpine Woods Capital Investors LLC bought a new position in shares of On Deck Capital in the 2nd quarter worth $42,000. Marshall Wace LLP bought a new position in On Deck Capital during the first quarter worth about $42,000. BNP Paribas Arbitrage SA lifted its holdings in On Deck Capital by 1,079.9% during the first quarter. BNP Paribas Arbitrage SA now owns 11,362 shares of the credit services provider’s stock worth $62,000 after acquiring an additional 10,399 shares in the last quarter. Finally, Chilton Investment Co. LLC bought a new position in On Deck Capital during the first quarter worth about $81,000. Institutional investors and hedge funds own 71.54% 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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