Brokers Issue Forecasts for On Deck Capital Inc’s Q1 2018 Earnings (ONDK)

On Deck Capital Inc (NYSE:ONDK) – Equities researchers at Oppenheimer issued their Q1 2018 earnings estimates for shares of On Deck Capital in a research note issued on Monday. Oppenheimer analyst J. Kelly expects that the credit services provider will post earnings of $0.01 per share for the quarter. Oppenheimer also issued estimates for On Deck Capital’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.07 EPS and FY2019 earnings at $0.26 EPS.

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ONDK has been the topic of several other reports. Zacks Investment Research lowered On Deck Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Jefferies Group reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. BTIG Research reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. Finally, Morgan Stanley lifted their target price on On Deck Capital from $5.00 to $5.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. On Deck Capital has an average rating of “Hold” and an average price target of $5.29.

On Deck Capital (NYSE:ONDK) opened at $5.30 on Thursday. On Deck Capital has a 12-month low of $3.29 and a 12-month high of $6.36. The company has a debt-to-equity ratio of 2.60, a current ratio of 25.41 and a quick ratio of 26.96. The stock has a market capitalization of $391.26, a price-to-earnings ratio of -33.13 and a beta of 1.58.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. On Deck Capital had a negative return on equity of 4.41% and a negative net margin of 3.29%. The business had revenue of $87.74 million for the quarter, compared to analyst estimates of $87.48 million. During the same period last year, the company earned ($0.50) EPS. The firm’s revenue was up 7.2% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of On Deck Capital by 0.6% in the second quarter. Wells Fargo & Company MN now owns 52,386 shares of the credit services provider’s stock valued at $244,000 after acquiring an additional 300 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of On Deck Capital by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 45,293 shares of the credit services provider’s stock valued at $211,000 after acquiring an additional 3,262 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of On Deck Capital by 13.4% in the second quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after acquiring an additional 4,010 shares during the last quarter. Northern Trust Corp increased its position in shares of On Deck Capital by 1.2% in the second quarter. Northern Trust Corp now owns 508,431 shares of the credit services provider’s stock valued at $2,369,000 after acquiring an additional 6,047 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of On Deck Capital by 28.4% in the second quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock valued at $131,000 after acquiring an additional 6,202 shares during the last quarter. 67.12% of the stock is currently owned by institutional investors and hedge funds.

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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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