Equities analysts predict that On Deck Capital, Inc. (NYSE:ONDK) will report earnings per share of $0.02 for the current quarter, according to Zacks. Four analysts have made estimates for On Deck Capital’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.02). On Deck Capital posted earnings of ($0.18) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 111.1%. The business is expected to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that On Deck Capital will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.05. For the next fiscal year, analysts anticipate that the company will post earnings of $0.24 per share, with EPS estimates ranging from $0.04 to $0.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover On Deck Capital.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. The business had revenue of $86.70 million during the quarter, compared to analysts’ expectations of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) EPS.
A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered On Deck Capital from a “hold” rating to a “sell” rating in a research note on Thursday. Canaccord Genuity restated a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research note on Sunday, October 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.00.
Shares of On Deck Capital (NYSE:ONDK) traded up 1.23% during trading on Monday, hitting $4.94. The stock had a trading volume of 32,450 shares. The firm’s market cap is $361.28 million. The stock has a 50-day moving average of $4.70 and a 200 day moving average of $4.48. On Deck Capital has a 12-month low of $3.29 and a 12-month high of $5.88.
In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive now owns 154,440 shares in the company, valued at approximately $713,512.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 25.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Voya Investment Management LLC grew its stake in On Deck Capital by 28.4% during the 2nd quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 6,202 shares in the last quarter. American International Group Inc. grew its stake in 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 purchasing an additional 1,940 shares in the last quarter. JPMorgan Chase & Co. grew its stake in On Deck Capital by 58.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 11,751 shares in the last quarter. Nationwide Fund Advisors grew its stake in 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 purchasing an additional 4,010 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its stake in On Deck Capital by 40.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 53.77% of the company’s stock.
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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.
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