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

UBS Group lowered shares of On Deck Capital (NYSE:ONDK) from a buy rating to a neutral rating in a report released on Thursday, 24/7 WallStreet reports. The brokerage currently has $4.00 price target on the credit services provider’s stock, down from their prior price target of $7.00.

Other research analysts have also issued reports about the company. Maxim Group restated a hold rating on shares of On Deck Capital in a research note on Wednesday, July 31st. B. Riley set a $9.00 target price on On Deck Capital and gave the company a buy rating in a research note on Friday, May 3rd. Stephens set a $6.00 target price on On Deck Capital and gave the company a hold rating in a research note on Friday, May 3rd. ValuEngine lowered On Deck Capital from a sell rating to a strong sell rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research lowered On Deck Capital from a buy rating to a hold rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. On Deck Capital has a consensus rating of Hold and a consensus target price of $6.63.

Shares of ONDK traded down $0.08 during mid-day trading on Thursday, hitting $3.48. The company’s stock had a trading volume of 36,132 shares, compared to its average volume of 799,934. The business has a 50-day moving average of $3.99. The company has a debt-to-equity ratio of 2.69, a current ratio of 16.87 and a quick ratio of 16.87. The firm has a market capitalization of $270.27 million, a price-to-earnings ratio of 8.08 and a beta of 1.86. On Deck Capital has a one year low of $2.88 and a one year high of $9.41.

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

Institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. raised its stake in On Deck Capital by 66.7% during the fourth quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 2,200 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of On Deck Capital in the first quarter valued at $42,000. BNP Paribas Arbitrage SA increased its stake in shares of On Deck Capital by 1,079.9% in the first quarter. BNP Paribas Arbitrage SA now owns 11,362 shares of the credit services provider’s stock valued at $62,000 after buying an additional 10,399 shares in the last quarter. Meitav Dash Investments Ltd. increased its stake in shares of On Deck Capital by 31.0% in the first quarter. Meitav Dash Investments Ltd. now owns 14,955 shares of the credit services provider’s stock valued at $81,000 after buying an additional 3,535 shares in the last quarter. Finally, Chilton Investment Co. LLC acquired a new stake in shares of On Deck Capital in the first quarter valued at $81,000. Hedge funds and other institutional investors own 71.54% 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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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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