On Deck Capital (ONDK) Downgraded by Morgan Stanley

On Deck Capital (NYSE:ONDK) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Thursday, The Fly reports.

Other research analysts also recently issued research reports about the company. ValuEngine upgraded On Deck Capital from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. TheStreet upgraded On Deck Capital from a “d+” rating to a “c-” rating in a research note on Monday, May 7th. BTIG Research restated a “neutral” rating on shares of On Deck Capital in a research note on Wednesday, May 9th. UBS Group initiated coverage on On Deck Capital in a research note on Tuesday, March 27th. They issued a “neutral” rating and a $6.00 target price on the stock. Finally, Stephens initiated coverage on On Deck Capital in a research note on Monday, June 18th. They issued a “weight” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.55.

Shares of NYSE ONDK opened at $8.00 on Thursday. The company has a current ratio of 28.81, a quick ratio of 28.81 and a debt-to-equity ratio of 2.76. On Deck Capital has a one year low of $3.98 and a one year high of $8.21. The stock has a market capitalization of $556.28 million, a price-to-earnings ratio of -50.00 and a beta of 1.55.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, May 8th. The credit services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. On Deck Capital had a positive return on equity of 1.03% and a negative net margin of 0.69%. The firm had revenue of $90.28 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. equities research analysts anticipate that On Deck Capital will post 0.09 EPS for the current fiscal year.

In related news, Director Neil E. Wolfson purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was bought at an average price of $6.07 per share, for a total transaction of $30,350.00. Following the purchase, the director now owns 194,031 shares in the company, valued at approximately $1,177,768.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Noah Breslow purchased 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The shares were bought at an average price of $5.85 per share, with a total value of $46,800.00. Following the purchase, the chief executive officer now owns 528,595 shares in the company, valued at approximately $3,092,280.75. The disclosure for this purchase can be found here. Corporate insiders own 21.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of On Deck Capital during the 4th quarter worth about $143,000. Quantitative Systematic Strategies LLC boosted its stake in shares of On Deck Capital by 153.7% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 25,879 shares of the credit services provider’s stock worth $145,000 after acquiring an additional 15,677 shares in the last quarter. California Public Employees Retirement System bought a new stake in shares of On Deck Capital during the 1st quarter worth about $145,000. Fox Run Management L.L.C. bought a new stake in shares of On Deck Capital during the 2nd quarter worth about $158,000. Finally, Ellington Management Group LLC bought a new stake in shares of On Deck Capital during the 4th quarter worth about $169,000. Institutional investors own 73.13% 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 was incorporated in 2006 and is headquartered in New York, New York.

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