On Deck Capital (ONDK) Given “Hold” Rating at BTIG Research

BTIG Research reiterated their hold rating on shares of On Deck Capital (NYSE:ONDK) in a research note released on Wednesday.

A number of other brokerages also recently commented on ONDK. Zacks Investment Research upgraded On Deck Capital from a sell rating to a hold rating in a research note on Wednesday, November 1st. Stifel Nicolaus boosted their target price on On Deck Capital from $5.00 to $5.50 and gave the company a hold rating in a research note on Tuesday, November 7th. BidaskClub upgraded On Deck Capital from a sell rating to a hold rating in a research note on Wednesday, October 18th. Finally, Jefferies Group restated a hold rating on shares of On Deck Capital in a research note on Wednesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $5.25.

Shares of On Deck Capital (ONDK) traded up $0.02 during mid-day trading on Wednesday, hitting $5.12. The stock had a trading volume of 634,080 shares, compared to its average volume of 509,679. On Deck Capital has a twelve month low of $3.29 and a twelve month high of $6.36. The company has a current ratio of 26.95, a quick ratio of 26.96 and a debt-to-equity ratio of 2.78.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. On Deck Capital had a negative return on equity of 4.44% and a negative net margin of 3.29%. The business had revenue of $87.74 million for the quarter, compared to the consensus estimate of $87.48 million. During the same quarter in the previous year, the company posted ($0.50) earnings per share. On Deck Capital’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts anticipate that On Deck Capital will post 0.13 EPS for the current year.

In other news, CEO Noah Breslow bought 12,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were purchased at an average price of $4.94 per share, for a total transaction of $59,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 25.40% of the company’s stock.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of On Deck Capital by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,990,274 shares of the credit services provider’s stock worth $17,163,000 after buying an additional 81,537 shares during the last quarter. 683 Capital Management LLC acquired a new stake in shares of On Deck Capital in the third quarter worth about $9,340,000. Marathon Partners Equity Management LLC lifted its position in shares of On Deck Capital by 2.4% in the third quarter. Marathon Partners Equity Management LLC now owns 1,485,000 shares of the credit services provider’s stock worth $6,935,000 after buying an additional 35,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of On Deck Capital by 60.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,128,900 shares of the credit services provider’s stock worth $6,480,000 after buying an additional 426,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of On Deck Capital by 110.8% in the third quarter. Dimensional Fund Advisors LP now owns 841,861 shares of the credit services provider’s stock worth $3,932,000 after buying an additional 442,475 shares during the last quarter. 56.74% of the stock is owned by institutional investors.

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On Deck Capital Company Profile

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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