On Deck Capital (NYSE:ONDK) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of On Deck Capital (NYSE:ONDK) from a hold rating to a sell rating in a report published on Friday, March 22nd, ValuEngine reports.

Several other equities analysts have also recently weighed in on ONDK. UBS Group raised On Deck Capital from a neutral rating to a buy rating and boosted their price objective for the stock from $9.00 to $11.00 in a research report on Wednesday, November 28th. Maxim Group initiated coverage on On Deck Capital in a research report on Thursday, December 20th. They set a buy rating for the company. B. Riley reissued a buy rating and set a $12.00 price objective (down previously from $14.00) on shares of On Deck Capital in a research report on Wednesday, February 13th. Finally, Zacks Investment Research cut On Deck Capital from a buy rating to a hold rating in a report on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $9.25.

Shares of ONDK traded up $0.04 during trading hours on Friday, hitting $5.24. 316,492 shares of the company were exchanged, compared to its average volume of 398,290. The company has a market cap of $394.72 million, a PE ratio of 12.19 and a beta of 1.81. On Deck Capital has a 52 week low of $5.11 and a 52 week high of $9.41. The company has a debt-to-equity ratio of 2.68, a quick ratio of 27.45 and a current ratio of 27.45.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.08. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. The company had revenue of $109.48 million during the quarter, compared to the consensus estimate of $105.27 million. During the same quarter in the prior year, the company posted $0.10 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. On average, research analysts predict that On Deck Capital will post 0.31 earnings per share for the current year.

In related news, CEO Noah Breslow acquired 8,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were bought at an average cost of $5.93 per share, for a total transaction of $47,440.00. Following the purchase, the chief executive officer now owns 730,644 shares in the company, valued at approximately $4,332,718.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald F. Verni acquired 6,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of $5.89 per share, for a total transaction of $35,340.00. Following the completion of the purchase, the director now owns 84,283 shares in the company, valued at approximately $496,426.87. The disclosure for this purchase can be found here. Corporate insiders own 21.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONDK. Renaissance Technologies LLC grew its position in On Deck Capital by 49.4% during the 3rd quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock worth $27,160,000 after acquiring an additional 1,185,600 shares during the last quarter. Mackenzie Financial Corp grew its position in On Deck Capital by 288.4% during the 4th quarter. Mackenzie Financial Corp now owns 759,753 shares of the credit services provider’s stock worth $4,483,000 after acquiring an additional 564,131 shares during the last quarter. Morgan Stanley grew its position in On Deck Capital by 351.3% during the 3rd quarter. Morgan Stanley now owns 623,057 shares of the credit services provider’s stock worth $4,716,000 after acquiring an additional 485,009 shares during the last quarter. Dimensional Fund Advisors LP grew its position in On Deck Capital by 21.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,603,987 shares of the credit services provider’s stock worth $19,711,000 after acquiring an additional 460,557 shares during the last quarter. Finally, Millennium Management LLC grew its position in On Deck Capital by 52.2% during the 4th quarter. Millennium Management LLC now owns 1,131,125 shares of the credit services provider’s stock worth $6,674,000 after acquiring an additional 387,837 shares during the last quarter. Institutional investors and hedge funds own 71.63% 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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