On Deck Capital Inc (NYSE:ONDK) Receives $8.42 Average Target Price from Analysts

On Deck Capital Inc (NYSE:ONDK) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $8.70.

Several analysts recently issued reports on ONDK shares. Stephens set a $25.00 price objective on shares of Schneider National and gave the company a “buy” rating in a research note on Friday, May 3rd. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Maxim Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Friday, May 3rd. B. Riley set a $42.00 price objective on shares of Carbonite and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th.

NYSE ONDK traded up $0.05 during trading hours on Tuesday, hitting $3.99. 366,535 shares of the company’s stock traded hands, compared to its average volume of 583,632. On Deck Capital has a 52-week low of $3.80 and a 52-week high of $9.41. The company has a market cap of $301.40 million, a P/E ratio of 9.28 and a beta of 1.87. The company has a quick ratio of 16.87, a current ratio of 16.87 and a debt-to-equity ratio of 2.69. The company’s 50-day moving average is $4.12.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Thursday, May 2nd. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. On Deck Capital had a net margin of 8.48% and a return on equity of 12.24%. The company had revenue of $110.20 million during the quarter, compared to analysts’ expectations of $110.23 million. During the same quarter in the prior year, the company earned $0.09 EPS. On Deck Capital’s revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that On Deck Capital will post 0.33 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Hancock Whitney Corp lifted its position in On Deck Capital by 21.0% in the first quarter. Hancock Whitney Corp now owns 175,327 shares of the credit services provider’s stock worth $951,000 after purchasing an additional 30,423 shares during the period. Bank of America Corp DE lifted its position in On Deck Capital by 37.1% in the fourth quarter. Bank of America Corp DE now owns 97,739 shares of the credit services provider’s stock worth $577,000 after purchasing an additional 26,423 shares during the period. Chilton Investment Co. LLC bought a new position in On Deck Capital in the first quarter worth $81,000. Bank of New York Mellon Corp lifted its position in On Deck Capital by 19.5% in the fourth quarter. Bank of New York Mellon Corp now owns 210,689 shares of the credit services provider’s stock worth $1,243,000 after purchasing an additional 34,439 shares during the period. Finally, Convergence Investment Partners LLC bought a new position in On Deck Capital in the fourth quarter worth $130,000. Institutional investors own 71.51% of the company’s stock.

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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