On Deck Capital (ONDK) Sets New 52-Week Low at $5.09

On Deck Capital Inc (NYSE:ONDK) hit a new 52-week low on Thursday . The company traded as low as $5.09 and last traded at $5.20, with a volume of 11850 shares trading hands. The stock had previously closed at $5.20.

A number of equities research analysts have recently weighed in on ONDK shares. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. B. Riley reaffirmed a “buy” rating and issued a $12.00 price objective (down from $14.00) on shares of On Deck Capital in a research note on Wednesday, February 13th. Finally, Maxim Group cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.25.

The company has a quick ratio of 27.45, a current ratio of 27.45 and a debt-to-equity ratio of 2.68. The company has a market cap of $397.75 million, a price-to-earnings ratio of 12.19 and a beta of 1.81.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.08. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. The business had revenue of $109.48 million during the quarter, compared to analysts’ expectations of $105.27 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. Research analysts predict that On Deck Capital Inc will post 0.31 EPS for the current fiscal year.

In related news, Director Ronald F. Verni bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average cost of $5.89 per share, for a total transaction of $35,340.00. Following the completion of the acquisition, the director now owns 84,283 shares in the company, valued at approximately $496,426.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Noah Breslow bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was bought at an average price of $5.93 per share, with a total value of $47,440.00. Following the completion of the acquisition, the chief executive officer now owns 730,644 shares of the company’s stock, valued at approximately $4,332,718.92. The disclosure for this purchase can be found here. Company insiders own 7.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA boosted its holdings in On Deck Capital by 187.3% in the third quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 2,263 shares during the period. Macquarie Group Ltd. boosted its holdings in On Deck Capital by 66.7% in the fourth quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 2,200 shares during the period. Quantamental Technologies LLC purchased a new position in On Deck Capital in the fourth quarter valued at $33,000. State Board of Administration of Florida Retirement System purchased a new position in On Deck Capital in the fourth quarter valued at $59,000. Finally, Meeder Asset Management Inc. boosted its holdings in On Deck Capital by 337.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 7,937 shares during the period. Hedge funds and other institutional investors own 71.63% of the company’s stock.

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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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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