On Deck Capital Inc. (ONDK) Receives $6.98 Average PT from Brokerages
On Deck Capital Inc. (NYSE:ONDK) has been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.98.
Several analysts have recently weighed in on the stock. Chardan Capital assumed coverage on shares of On Deck Capital in a research report on Thursday, August 4th. They set a “buy” rating and a $5.08 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $7.50 price objective (down previously from $10.00) on shares of On Deck Capital in a research report on Tuesday, August 9th. Vetr upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $6.60 price objective for the company in a research report on Monday, September 26th. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, October 11th. Finally, Janney Montgomery Scott restated a “fair value” rating and set a $6.12 price objective (down previously from $7.00) on shares of On Deck Capital in a research report on Wednesday, August 24th.
Shares of On Deck Capital (NYSE:ONDK) opened at 4.60 on Monday. The stock’s market capitalization is $328.63 million. On Deck Capital has a one year low of $3.64 and a one year high of $12.85. The company’s 50-day moving average is $4.73 and its 200-day moving average is $5.29.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.01. On Deck Capital had a negative return on equity of 16.33% and a negative net margin of 18.67%. The firm earned $77.40 million during the quarter, compared to analysts’ expectations of $75.28 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that On Deck Capital will post ($0.68) earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Board of Trustees of The Leland Stanford Junior University acquired a new stake in On Deck Capital during the second quarter valued at approximately $124,000. BlackRock Institutional Trust Company N.A. raised its stake in On Deck Capital by 61.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 947,608 shares of the company’s stock valued at $4,880,000 after buying an additional 361,086 shares in the last quarter. BlackRock Fund Advisors raised its stake in On Deck Capital by 347.0% in the second quarter. BlackRock Fund Advisors now owns 1,240,505 shares of the company’s stock valued at $6,389,000 after buying an additional 963,002 shares in the last quarter. BlackRock Investment Management LLC raised its stake in On Deck Capital by 406.9% in the second quarter. BlackRock Investment Management LLC now owns 202,691 shares of the company’s stock valued at $1,044,000 after buying an additional 162,705 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in On Deck Capital by 146.1% in the second quarter. BlackRock Advisors LLC now owns 23,420 shares of the company’s stock valued at $121,000 after buying an additional 13,905 shares in the last quarter. 74.51% of the stock is currently owned by institutional investors and hedge funds.
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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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