On Deck Capital, Inc. (NYSE:ONDK)‘s stock had its “hold” rating reissued by equities researchers at BTIG Research in a research report issued to clients and investors on Tuesday.
The analysts wrote, “Posts 3Q17 Miss on Key Metrics; Reiterate Neutral While OnDeck Capital (ONDK) made progress on several fronts during 3Q17 as it focuses on its effort to achieve GAAP profitability – a sizeable reduction in operating expenses topping the list – the company fell short versus expectations for the headline metrics of revenue, adjusted earnings per share and adjusted EBITDA. At the same time, management reiterated the FY17 guidance they had provided in early August and said ONDK remained on track to meet its goal of GAAP profitability in 4Q17. The upshot is that ONDK remains a “show me” story and that a meaningfully higher valuation for the stock would be difficult to justify at this point, in our view.””
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research note on Friday, July 14th. Canaccord Genuity reiterated a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research note on Sunday, October 1st. Finally, BidaskClub upgraded shares of On Deck Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.20.
On Deck Capital (NYSE ONDK) traded down $0.04 on Tuesday, hitting $4.97. 255,021 shares of the stock were exchanged, compared to its average volume of 391,331. On Deck Capital has a one year low of $3.29 and a one year high of $5.88. The company has a debt-to-equity ratio of 2.86, a quick ratio of 25.20 and a current ratio of 25.20.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Monday, November 6th. The credit services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). On Deck Capital had a negative net margin of 15.21% and a negative return on equity of 20.08%. The firm had revenue of $83.67 million during the quarter, compared to analyst estimates of $84.49 million. During the same quarter in the previous year, the business posted ($0.18) EPS. On Deck Capital’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts expect that On Deck Capital will post -0.19 earnings per share for the current year.
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In related news, CRO Andrea Gellert sold 25,147 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the completion of the transaction, the executive now owns 154,440 shares of the company’s stock, valued at approximately $713,512.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 25.40% of the company’s stock.
Several large investors have recently modified their holdings of the business. Rothschild Capital Partners LLC acquired a new stake in shares of On Deck Capital during the 3rd quarter valued at $445,000. Dynamic Technology Lab Private Ltd bought a new position in shares of On Deck Capital during the 2nd quarter valued at $182,000. The Manufacturers Life Insurance Company raised its holdings in shares of On Deck Capital by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,293 shares of the credit services provider’s stock valued at $211,000 after purchasing an additional 3,262 shares in the last quarter. State Street Corp raised its holdings in shares of On Deck Capital by 10.6% during the 2nd quarter. State Street Corp now owns 814,082 shares of the credit services provider’s stock valued at $3,794,000 after purchasing an additional 78,345 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of On Deck Capital by 28.4% during the 2nd quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 6,202 shares in the last quarter. 53.91% of the stock is owned by institutional investors.
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.
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