On Deck Capital (NYSE:ONDK) Trading Down 7.1%

On Deck Capital Inc (NYSE:ONDK)’s share price traded down 7.1% during mid-day trading on Tuesday . The stock traded as low as $3.24 and last traded at $3.27, 668,392 shares were traded during trading. An increase of 8% from the average session volume of 617,162 shares. The stock had previously closed at $3.52.

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of On Deck Capital from a “hold” rating to a “sell” rating in a research report on Friday. UBS Group lowered shares of On Deck Capital from a “buy” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $4.00 in a research report on Thursday, August 1st. B. Riley set a $9.00 target price on shares of On Deck Capital and gave the company a “buy” rating in a research report on Friday, May 3rd. BTIG Research upgraded shares of On Deck Capital from a “neutral” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Tuesday, July 30th. Finally, Stephens set a $6.00 target price on shares of On Deck Capital and gave the company a “hold” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. On Deck Capital presently has an average rating of “Hold” and a consensus price target of $6.63.

The company has a market cap of $270.27 million, a price-to-earnings ratio of 7.60 and a beta of 1.85. 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 stock’s 50-day moving average is $3.94.

On Deck Capital (NYSE:ONDK) last announced its earnings results on Monday, July 29th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.85% and a return on equity of 11.04%. On Deck Capital’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. As a group, research analysts anticipate that On Deck Capital Inc will post 0.25 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the business. Stone Ridge Asset Management LLC raised its stake in shares of On Deck Capital by 48.0% during the second quarter. Stone Ridge Asset Management LLC now owns 22,201 shares of the credit services provider’s stock worth $92,000 after acquiring an additional 7,200 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of On Deck Capital in the second quarter worth $42,000. Swiss National Bank increased its stake in shares of On Deck Capital by 35.3% in the second quarter. Swiss National Bank now owns 98,200 shares of the credit services provider’s stock worth $408,000 after buying an additional 25,600 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of On Deck Capital in the second quarter worth $401,000. Finally, SG Americas Securities LLC purchased a new position in shares of On Deck Capital in the second quarter worth $142,000. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

On Deck Capital Company Profile (NYSE:ONDK)

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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