On Deck Capital, Inc. (ONDK) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of On Deck Capital, Inc. (NYSE:ONDK) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other research analysts have also issued reports on the company. Zacks Investment Research raised On Deck Capital from a hold rating to a buy rating and set a $5.25 target price for the company in a research report on Tuesday, July 11th. Jefferies Group LLC reissued a hold rating and issued a $5.00 target price on shares of On Deck Capital in a research report on Friday, July 14th. Finally, Canaccord Genuity reissued a hold rating and issued a $5.00 target price on shares of On Deck Capital in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $5.00.

On Deck Capital (NYSE:ONDK) traded down 0.39% during midday trading on Wednesday, reaching $5.06. The company had a trading volume of 301,717 shares. The stock’s market capitalization is $370.05 million. On Deck Capital has a one year low of $3.29 and a one year high of $5.88. The company has a 50-day moving average price of $4.73 and a 200-day moving average price of $4.48.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The business had revenue of $86.70 million during the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. On Deck Capital’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.25) EPS. On average, equities analysts expect that On Deck Capital will post ($0.02) earnings per share for the current year.

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In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the sale, the executive now directly owns 154,440 shares in the company, valued at approximately $713,512.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 25.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of On Deck Capital by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 52,386 shares of the credit services provider’s stock valued at $244,000 after buying an additional 300 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of On Deck Capital by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,009 shares of the credit services provider’s stock valued at $737,000 after buying an additional 931 shares during the period. American International Group Inc. lifted its holdings in shares of On Deck Capital by 7.0% during the 1st quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock valued at $149,000 after buying an additional 1,940 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of On Deck Capital by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,293 shares of the credit services provider’s stock valued at $211,000 after buying an additional 3,262 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in shares of On Deck Capital by 13.4% during the 2nd quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after buying an additional 4,010 shares during the period. 53.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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