On Deck Capital (ONDK) PT Set at $14.00 by B. Riley

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On Deck Capital (NYSE:ONDK) has been given a $14.00 target price by B. Riley in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the credit services provider’s stock. B. Riley’s target price points to a potential upside of 102.90% from the company’s current price.

A number of other analysts have also commented on the company. Morgan Stanley lowered On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a research report on Thursday, July 19th. ValuEngine lowered On Deck Capital from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. UBS Group lifted their price objective on On Deck Capital from $6.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. BTIG Research upgraded On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 price objective for the company in a research report on Monday, October 8th. Finally, Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.43.

Shares of ONDK stock opened at $6.90 on Tuesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 26.85 and a quick ratio of 26.85. The stock has a market capitalization of $508.38 million, a P/E ratio of -43.13 and a beta of 1.62. On Deck Capital has a 12 month low of $4.11 and a 12 month high of $9.41.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.15. The firm had revenue of $95.62 million during the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a return on equity of 4.25% and a net margin of 1.37%. Equities analysts anticipate that On Deck Capital will post 0.28 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of ONDK. Portolan Capital Management LLC grew its position in shares of On Deck Capital by 54.0% during the 2nd quarter. Portolan Capital Management LLC now owns 4,167,863 shares of the credit services provider’s stock worth $29,175,000 after buying an additional 1,461,982 shares during the period. Columbus Circle Investors acquired a new position in shares of On Deck Capital during the 3rd quarter worth about $7,565,000. Renaissance Technologies LLC grew its position in shares of On Deck Capital by 44.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,402,200 shares of the credit services provider’s stock worth $16,815,000 after buying an additional 736,600 shares during the period. 683 Capital Management LLC grew its position in shares of On Deck Capital by 22.0% during the 2nd quarter. 683 Capital Management LLC now owns 3,050,000 shares of the credit services provider’s stock worth $21,350,000 after buying an additional 550,000 shares during the period. Finally, BlackRock Inc. grew its position in shares of On Deck Capital by 14.7% during the 2nd quarter. BlackRock Inc. now owns 3,420,168 shares of the credit services provider’s stock worth $23,941,000 after buying an additional 439,494 shares during the period. Institutional investors own 77.04% of the company’s stock.

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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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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