On Deck Capital (ONDK) Rating Increased to Strong-Buy at Zacks Investment Research

On Deck Capital (NYSE:ONDK) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage presently has a $9.25 target price on the credit services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 17.68% from the company’s previous close.

According to Zacks, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States. “

ONDK has been the topic of several other research reports. Stephens reissued a “hold” rating and set a $8.00 price objective on shares of On Deck Capital in a report on Wednesday, August 8th. B. Riley set a $14.00 price objective on On Deck Capital and gave the company a “buy” rating in a report on Tuesday, October 30th. Janney Montgomery Scott set a $12.00 price objective on On Deck Capital and gave the company a “buy” rating in a report on Tuesday, November 6th. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Finally, UBS Group raised their price objective on On Deck Capital from $6.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. On Deck Capital has a consensus rating of “Hold” and a consensus price target of $9.25.

NYSE ONDK opened at $7.86 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 29.62 and a current ratio of 29.62. On Deck Capital has a twelve month low of $4.11 and a twelve month high of $9.41. The firm has a market cap of $602.62 million, a P/E ratio of -49.13 and a beta of 1.54.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.11. On Deck Capital had a return on equity of 9.36% and a net margin of 4.97%. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $98.32 million. During the same quarter last year, the business posted ($0.01) EPS. On Deck Capital’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, analysts forecast that On Deck Capital will post 0.38 earnings per share for the current fiscal year.

In related news, Director David Hartwig sold 105,825 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $8.30, for a total transaction of $878,347.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.40% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in On Deck Capital by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 176,250 shares of the credit services provider’s stock worth $1,335,000 after purchasing an additional 6,652 shares during the last quarter. MetLife Investment Advisors LLC raised its position in On Deck Capital by 54.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 39,297 shares of the credit services provider’s stock worth $297,000 after purchasing an additional 13,861 shares during the last quarter. IFG Advisory LLC bought a new position in On Deck Capital during the 3rd quarter worth $118,000. AQR Capital Management LLC raised its position in On Deck Capital by 103.8% during the 3rd quarter. AQR Capital Management LLC now owns 32,259 shares of the credit services provider’s stock worth $244,000 after purchasing an additional 16,427 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in On Deck Capital during the 2nd quarter worth $118,000. 76.80% of the stock is owned by institutional investors and hedge funds.

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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