On Deck Capital (NYSE:ONDK) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of On Deck Capital (NYSE:ONDK) from a hold rating to a sell rating in a research report released on Friday, March 22nd, ValuEngine reports.

Other research analysts also recently issued reports about the stock. B. Riley restated a buy rating and issued a $12.00 price target (down from $14.00) on shares of On Deck Capital in a research report on Wednesday, February 13th. Maxim Group started coverage on shares of On Deck Capital in a report on Thursday, December 20th. They issued a buy rating on the stock. UBS Group raised shares of On Deck Capital from a neutral rating to a buy rating and increased their price objective for the stock from $9.00 to $11.00 in a report on Wednesday, November 28th. Finally, Zacks Investment Research cut shares of On Deck Capital from a buy rating to a hold rating in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. On Deck Capital presently has a consensus rating of Hold and a consensus target price of $9.25.

ONDK traded down $0.04 during trading hours on Friday, reaching $5.20. 146,800 shares of the stock traded hands, compared to its average volume of 572,924. The firm has a market cap of $397.77 million, a price-to-earnings ratio of 12.09 and a beta of 1.81. On Deck Capital has a fifty-two week low of $5.11 and a fifty-two week high of $9.41. The company has a current ratio of 27.45, a quick ratio of 27.45 and a debt-to-equity ratio of 2.68.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.08. On Deck Capital had a net margin of 6.95% and a return on equity of 11.80%. The firm had revenue of $109.48 million for the quarter, compared to the consensus estimate of $105.27 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that On Deck Capital will post 0.31 earnings per share for the current fiscal year.

In related news, CEO Noah Breslow bought 8,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were purchased at an average price of $5.93 per share, with a total value of $47,440.00. Following the purchase, the chief executive officer now owns 730,644 shares in the company, valued at $4,332,718.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald F. Verni bought 6,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were bought at an average cost of $5.89 per share, for a total transaction of $35,340.00. Following the purchase, the director now owns 84,283 shares in the company, valued at approximately $496,426.87. The disclosure for this purchase can be found here. 21.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in ONDK. Federated Investors Inc. PA grew its stake in shares of On Deck Capital by 187.3% in the 3rd quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 2,263 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of On Deck Capital by 66.7% in the 4th quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 2,200 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of On Deck Capital in the 4th quarter worth approximately $33,000. State Board of Administration of Florida Retirement System acquired a new position in shares of On Deck Capital in the 4th quarter worth approximately $59,000. Finally, Meeder Asset Management Inc. grew its stake in shares of On Deck Capital by 337.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock worth $60,000 after purchasing an additional 7,937 shares during the last quarter. 71.63% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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