On Deck Capital (NYSE:ONDK) has been given a $5.00 target price by equities researchers at Stephens in a note issued to investors on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the credit services provider’s stock. Stephens’ target price indicates a potential upside of 10.62% from the stock’s previous close.
A number of other research firms have also recently weighed in on ONDK. Zacks Investment Research raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley raised On Deck Capital from an “underweight” rating to an “equal” rating and dropped their price target for the company from $4.00 to $3.50 in a report on Wednesday, August 21st. UBS Group cut On Deck Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $4.00 in a report on Thursday, August 1st. ValuEngine raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Maxim Group reaffirmed a “hold” rating on shares of On Deck Capital in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. On Deck Capital currently has an average rating of “Hold” and a consensus price target of $6.04.
Shares of ONDK traded up $0.06 during mid-day trading on Friday, reaching $4.52. The company had a trading volume of 1,151,508 shares, compared to its average volume of 569,199. On Deck Capital has a twelve month low of $2.88 and a twelve month high of $8.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 15.81 and a quick ratio of 15.81. The company’s 50-day moving average is $3.55 and its 200-day moving average is $4.01. The company has a market capitalization of $321.23 million, a P/E ratio of 10.51 and a beta of 1.87.
On Deck Capital (NYSE:ONDK) last issued its earnings results on Thursday, October 24th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. On Deck Capital had a return on equity of 9.29% and a net margin of 7.43%. The business had revenue of $112.55 million during the quarter, compared to analysts’ expectations of $110.37 million. During the same period in the prior year, the firm posted $0.16 EPS. On Deck Capital’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that On Deck Capital will post 0.2 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in On Deck Capital by 10.2% in the 3rd quarter. Rhumbline Advisers now owns 95,174 shares of the credit services provider’s stock valued at $320,000 after buying an additional 8,806 shares during the last quarter. Alberta Investment Management Corp boosted its position in On Deck Capital by 55.3% in the 3rd quarter. Alberta Investment Management Corp now owns 59,800 shares of the credit services provider’s stock valued at $201,000 after buying an additional 21,300 shares during the last quarter. River & Mercantile Asset Management LLP bought a new position in On Deck Capital in the 2nd quarter valued at $869,000. Hancock Whitney Corp boosted its position in On Deck Capital by 3.3% in the 2nd quarter. Hancock Whitney Corp now owns 181,186 shares of the credit services provider’s stock valued at $752,000 after buying an additional 5,859 shares during the last quarter. Finally, Voce Capital Management LLC bought a new position in On Deck Capital in the 2nd quarter valued at $3,537,000. Hedge funds and other institutional investors own 73.91% 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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.
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