On Deck Capital (NYSE:ONDK)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a research report issued on Wednesday.
ONDK has been the subject of a number of other reports. BTIG Research downgraded shares of On Deck Capital from a “neutral” rating to a “sell” rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a report on Tuesday, August 14th. ValuEngine downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Monday, September 24th. UBS Group boosted their target price on shares of On Deck Capital from $6.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. Finally, Janney Montgomery Scott set a $12.00 price objective on shares of On Deck Capital and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.88.
On Deck Capital stock opened at $8.89 on Wednesday. On Deck Capital has a 1 year low of $4.11 and a 1 year high of $9.41. The company has a market capitalization of $518.08 million, a P/E ratio of -55.56 and a beta of 1.54. The company has a quick ratio of 26.85, a current ratio of 26.85 and a debt-to-equity ratio of 2.72.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFG Advisory LLC purchased a new stake in On Deck Capital during the third quarter worth approximately $118,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in On Deck Capital during the second quarter worth approximately $118,000. MetLife Investment Advisors LLC lifted its position in shares of On Deck Capital by 431.0% during the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock worth $178,000 after purchasing an additional 20,646 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of On Deck Capital during the second quarter worth $158,000. Finally, Engineers Gate Manager LP lifted its position in shares of On Deck Capital by 47.2% during the third quarter. Engineers Gate Manager LP now owns 74,051 shares of the credit services provider’s stock worth $561,000 after purchasing an additional 23,734 shares in the last quarter. Institutional investors own 78.62% 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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