On Deck Capital (NYSE:ONDK) Earns Hold Rating from Maxim Group

Maxim Group reiterated their hold rating on shares of On Deck Capital (NYSE:ONDK) in a report issued on Wednesday morning, AnalystRatings.com reports.

“2Q19 results were disappointing: consistent with consensus on gross revenue, but below consensus on adjusted EBITDA and adjusted net income (non-GAAP EPS). Management lowered 2019 guidance on adjusted net income (there is no guidance on adjusted EBITDA). Management also announced: that JPMorgan Chase (JPM – NR) would be exiting its partnership program with ONDK; that ONDK would be actively pursuing” a bank charter (though with an unspecified timeline); and a $50M share repurchase program. We are maintaining our Hold rating, based on even lower earnings expectations than previously, and uncertainty as to ONDK’s business model.”,” Maxim Group’s analyst commented.

A number of other equities research analysts have also commented on ONDK. B. Riley set a $9.00 price objective on shares of On Deck Capital and gave the company a buy rating in a research note on Friday, May 3rd. Zacks Investment Research lowered shares of On Deck Capital from a buy rating to a hold rating in a research note on Thursday, July 4th. BTIG Research raised shares of On Deck Capital from a neutral rating to a buy rating and set a $4.25 price objective on the stock in a research note on Tuesday. Stephens set a $6.00 price objective on shares of On Deck Capital and gave the company a hold rating in a research note on Friday, May 3rd. Finally, ValuEngine lowered shares of On Deck Capital from a sell rating to a strong sell rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $6.63.

NYSE:ONDK opened at $3.56 on Wednesday. The company has a fifty day moving average price of $3.99. The company has a debt-to-equity ratio of 2.69, a quick ratio of 16.87 and a current ratio of 16.87. On Deck Capital has a 52 week low of $2.88 and a 52 week high of $9.41. The company has a market cap of $271.79 million, a price-to-earnings ratio of 8.28 and a beta of 1.86.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data on Monday, July 29th. The credit services provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. On Deck Capital had a net margin of 7.85% and a return on equity of 11.04%. The company had revenue of $110.25 million for the quarter, compared to analyst estimates of $110.11 million. During the same period in the prior year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts expect that On Deck Capital will post 0.25 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank boosted its stake in On Deck Capital by 35.3% during the second quarter. Swiss National Bank now owns 98,200 shares of the credit services provider’s stock worth $408,000 after acquiring an additional 25,600 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in On Deck Capital during the second quarter worth $401,000. SG Americas Securities LLC bought a new position in On Deck Capital during the second quarter worth $142,000. Virginia Retirement Systems ET AL boosted its stake in On Deck Capital by 36.5% during the second quarter. Virginia Retirement Systems ET AL now owns 85,700 shares of the credit services provider’s stock worth $356,000 after acquiring an additional 22,900 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its stake in On Deck Capital by 22.5% during the second quarter. Bowling Portfolio Management LLC now owns 253,001 shares of the credit services provider’s stock worth $1,050,000 after acquiring an additional 46,456 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

On Deck Capital Company Profile

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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