On Deck Capital, Inc. (NYSE:ONDK)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group LLC in a research report issued on Friday, July 14th. They currently have a $5.00 target price on the credit services provider’s stock. Jefferies Group LLC’s price target suggests a potential upside of 4.82% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised On Deck Capital from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. FBR & Co raised On Deck Capital from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research report on Tuesday, May 23rd. Finally, Stifel Nicolaus cut On Deck Capital from a “buy” rating to a “hold” rating and reduced their price target for the stock from $6.00 to $4.50 in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $5.72.
On Deck Capital (NYSE:ONDK) opened at 4.77 on Friday. The stock’s market cap is $348.84 million. The stock’s 50 day moving average price is $4.57 and its 200 day moving average price is $4.59. On Deck Capital has a 12-month low of $3.29 and a 12-month high of $6.46.
On Deck Capital (NYSE:ONDK) last issued its 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. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The firm had revenue of $86.70 million for the quarter, compared to the consensus estimate of $88.53 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. Analysts forecast that On Deck Capital will post ($0.02) EPS for the current fiscal year.
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In other On Deck Capital news, CEO Noah Breslow acquired 14,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average price of $3.57 per share, with a total value of $49,980.00. Following the transaction, the chief executive officer now owns 213,117 shares of the company’s stock, valued at $760,827.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce P. Nolop acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $3.59 per share, with a total value of $35,900.00. Following the transaction, the director now directly owns 77,985 shares in the company, valued at approximately $279,966.15. The disclosure for this purchase can be found here. Insiders have purchased a total of 39,000 shares of company stock valued at $139,280 in the last three months. 25.40% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in On Deck Capital by 7.0% in the first 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 in the last quarter. JPMorgan Chase & Co. boosted its position in On Deck Capital by 58.2% in the second quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after buying an additional 11,751 shares during the period. Nationwide Fund Advisors boosted its position in On Deck Capital by 13.4% in the second 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. Alpine Woods Capital Investors LLC boosted its position in On Deck Capital by 40.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after buying an additional 10,000 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new position in On Deck Capital during the first quarter valued at approximately $182,000. 58.41% of the stock is owned by institutional investors and hedge funds.
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.
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