On Deck Capital (NYSE:ONDK) Lifted to “Equal” at Morgan Stanley

Morgan Stanley upgraded shares of On Deck Capital (NYSE:ONDK) from an underweight rating to an equal rating in a report issued on Wednesday morning, BenzingaRatingsTable reports. Morgan Stanley currently has $3.50 target price on the credit services provider’s stock, down from their previous target price of $4.00.

ONDK has been the subject of several other research reports. Stephens set a $6.00 price target on shares of On Deck Capital and gave the stock a hold rating in a report on Friday, May 3rd. Maxim Group restated a hold rating on shares of On Deck Capital in a report on Wednesday, July 31st. UBS Group lowered shares of On Deck Capital from a buy rating to a neutral rating and lowered their price target for the stock from $7.00 to $4.00 in a report on Thursday, August 1st. BTIG Research upgraded shares of On Deck Capital from a neutral rating to a buy rating and set a $4.25 price target for the company in a report on Tuesday, July 30th. Finally, ValuEngine lowered shares of On Deck Capital from a sell rating to a strong sell rating in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. On Deck Capital presently has an average rating of Hold and an average price target of $6.18.

On Deck Capital stock opened at $3.33 on Wednesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 15.81 and a current ratio of 15.81. On Deck Capital has a 52-week low of $2.88 and a 52-week high of $8.99. The firm has a 50 day moving average price of $3.65 and a two-hundred day moving average price of $4.80. The firm has a market cap of $254.08 million, a price-to-earnings ratio of 7.74 and a beta of 1.85.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Monday, July 29th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. On Deck Capital had a net margin of 7.85% and a return on equity of 10.90%. The firm had revenue of $110.25 million during the quarter, compared to analyst estimates of $110.11 million. During the same quarter last year, the business earned $0.13 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that On Deck Capital will post 0.25 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Redmond Asset Management LLC increased its stake in shares of On Deck Capital by 2.2% in the 1st quarter. Redmond Asset Management LLC now owns 115,221 shares of the credit services provider’s stock valued at $624,000 after acquiring an additional 2,448 shares in the last quarter. Meitav Dash Investments Ltd. increased its stake in shares of On Deck Capital by 31.0% in the 1st quarter. Meitav Dash Investments Ltd. now owns 14,955 shares of the credit services provider’s stock valued at $81,000 after acquiring an additional 3,535 shares in the last quarter. Bogle Investment Management L P DE increased its stake in shares of On Deck Capital by 1.3% in the 2nd quarter. Bogle Investment Management L P DE now owns 315,110 shares of the credit services provider’s stock valued at $1,308,000 after acquiring an additional 3,948 shares in the last quarter. Bank of Montreal Can increased its stake in shares of On Deck Capital by 17.7% in the 1st quarter. Bank of Montreal Can now owns 33,783 shares of the credit services provider’s stock valued at $183,000 after acquiring an additional 5,070 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its stake in shares of On Deck Capital by 6.1% in the 1st quarter. ClariVest Asset Management LLC now owns 92,300 shares of the credit services provider’s stock valued at $500,000 after acquiring an additional 5,300 shares in the last quarter. Institutional investors own 71.68% 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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