Shares of On Deck Capital Inc (NYSE:ONDK) gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $9.77, but opened at $8.89. On Deck Capital shares last traded at $8.14, with a volume of 28804 shares changing hands.
The credit services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. On Deck Capital had a net margin of 4.97% and a return on equity of 9.53%. The business had revenue of $103.00 million during the quarter, compared to the consensus estimate of $98.32 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 23.1% on a year-over-year basis.
Several brokerages have recently issued reports on ONDK. Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley reiterated a “buy” rating on shares of On Deck Capital in a report on Wednesday. Janney Montgomery Scott set a $12.00 price target on shares of On Deck Capital and gave the stock a “buy” rating in a report on Tuesday. ValuEngine upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BTIG Research upgraded shares of On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. On Deck Capital currently has a consensus rating of “Hold” and an average price target of $9.36.
The company has a current ratio of 26.85, a quick ratio of 26.85 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $663.66 million, a price-to-earnings ratio of -51.75 and a beta of 1.54.
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On Deck Capital Company Profile (NYSE:ONDK)
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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