On Deck Capital’s (ONDK) “Hold” Rating Reiterated at BTIG Research

BTIG Research restated their hold rating on shares of On Deck Capital (NYSE:ONDK) in a report released on Wednesday.

ONDK has been the subject of several other research reports. Zacks Investment Research raised On Deck Capital from a sell rating to a hold rating in a research report on Wednesday, November 1st. BidaskClub cut On Deck Capital from a hold rating to a sell rating in a research report on Tuesday, October 31st. Stifel Nicolaus boosted their price objective on On Deck Capital from $5.00 to $5.50 and gave the stock a hold rating in a research report on Tuesday, November 7th. Finally, Jefferies Group reissued a hold rating on shares of On Deck Capital in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. On Deck Capital has a consensus rating of Hold and a consensus price target of $5.25.

On Deck Capital (NYSE:ONDK) traded up $0.02 during midday trading on Wednesday, hitting $5.12. The company had a trading volume of 634,080 shares, compared to its average volume of 509,679. On Deck Capital has a fifty-two week low of $3.29 and a fifty-two week high of $6.36. The company has a quick ratio of 26.96, a current ratio of 26.95 and a debt-to-equity ratio of 2.78.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. On Deck Capital had a negative return on equity of 4.44% and a negative net margin of 3.29%. The business had revenue of $87.74 million during the quarter, compared to analysts’ expectations of $87.48 million. During the same quarter in the previous year, the firm earned ($0.50) EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. analysts expect that On Deck Capital will post 0.13 EPS for the current year.

In other news, CEO Noah Breslow purchased 12,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were purchased at an average cost of $4.94 per share, for a total transaction of $59,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in On Deck Capital by 4,393.3% during the fourth quarter. Bank of Montreal Can now owns 24,219 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 23,680 shares during the period. Voya Investment Management LLC increased its stake in On Deck Capital by 28.4% during the second quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock valued at $131,000 after acquiring an additional 6,202 shares during the period. Ellington Management Group LLC bought a new position in On Deck Capital during the fourth quarter valued at about $169,000. Acadian Asset Management LLC bought a new position in On Deck Capital during the fourth quarter valued at about $183,000. Finally, JPMorgan Chase & Co. increased its stake in On Deck Capital by 58.2% during the second quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after acquiring an additional 11,751 shares during the period. Hedge funds and other institutional investors own 56.74% of the company’s stock.

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On Deck Capital Company Profile

On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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