On Deck Capital (ONDK) Getting Somewhat Negative News Coverage, Study Finds

News articles about On Deck Capital (NYSE:ONDK) have trended somewhat negative this week, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. On Deck Capital earned a daily sentiment score of -0.10 on Alpha One’s scale. Alpha One also gave media coverage about the credit services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.

On Deck Capital (NYSE:ONDK) traded down 1.09% during midday trading on Friday, hitting $4.55. The company had a trading volume of 392,093 shares. The firm’s market cap is $326.17 million. On Deck Capital has a 52-week low of $3.64 and a 52-week high of $8.94. The stock has a 50 day moving average of $4.71 and a 200 day moving average of $4.81.

On Deck Capital (NYSE:ONDK) last announced its earnings results on Thursday, February 16th. The credit services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.27. On Deck Capital had a negative return on equity of 16.33% and a negative net margin of 18.67%. The business had revenue of $81.80 million for the quarter, compared to analysts’ expectations of $80.84 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, analysts anticipate that On Deck Capital will post ($0.07) EPS for the current year.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus assumed coverage on On Deck Capital in a research report on Wednesday. They set a “buy” rating and a $6.00 price objective on the stock. FBR & Co reiterated a “hold” rating on shares of On Deck Capital in a research report on Friday, March 24th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $6.00 price objective on shares of On Deck Capital in a research report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. On Deck Capital presently has an average rating of “Hold” and a consensus price target of $6.60.

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About On Deck Capital

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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