On Deck Capital (ONDK) Shares Up 5.6%

Shares of On Deck Capital, Inc. (NYSE:ONDK) shot up 5.6% on Monday . The stock traded as high as $6.32 and last traded at $6.24. 1,359,466 shares traded hands during trading, an increase of 188% from the average session volume of 472,498 shares. The stock had previously closed at $5.91.

Several research firms recently weighed in on ONDK. Canaccord Genuity restated a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a report on Sunday, October 1st. BTIG Research restated a “hold” rating on shares of On Deck Capital in a report on Tuesday, November 7th. BidaskClub downgraded On Deck Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Finally, Stifel Nicolaus upped their price objective on On Deck Capital from $5.00 to $5.50 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.20.

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 announced its quarterly earnings data on Monday, November 6th. The credit services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The business had revenue of $83.67 million during the quarter, compared to the consensus estimate of $84.49 million. On Deck Capital had a negative net margin of 15.21% and a negative return on equity of 20.13%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. sell-side analysts expect that On Deck Capital, Inc. will post -0.22 earnings per share for the current fiscal year.

In other news, CEO Noah Breslow purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were acquired at an average price of $4.94 per share, with a total value of $59,280.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 25.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC grew its position 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 worth $131,000 after buying an additional 6,202 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 11,751 shares in the last quarter. Nationwide Fund Advisors boosted its position in On Deck Capital by 13.4% during the second quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 4,010 shares in the last quarter. Engineers Gate Manager LP bought a new stake in On Deck Capital during the third quarter valued at about $169,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in On Deck Capital during the first quarter valued at about $182,000. 56.55% of the stock is currently owned by institutional investors and hedge funds.

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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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