On Deck Capital (NYSE:ONDK) Upgraded to “Buy” at Zacks Investment Research

On Deck Capital (NYSE:ONDK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The firm currently has a $5.00 price target on the credit services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.11% from the company’s current price.

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. “

A number of other research analysts also recently commented on the stock. Morgan Stanley raised shares of On Deck Capital from an “underweight” rating to an “equal” rating and dropped their price objective for the company from $4.00 to $3.50 in a research note on Wednesday, August 21st. ValuEngine raised shares of On Deck Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Maxim Group reaffirmed a “hold” rating on shares of On Deck Capital in a research note on Wednesday, July 31st. Stephens set a $5.00 price objective on shares of On Deck Capital and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, UBS Group downgraded shares of On Deck Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $4.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.13.

Shares of NYSE ONDK traded up $0.05 on Tuesday, reaching $4.46. 81,156 shares of the company traded hands, compared to its average volume of 453,688. On Deck Capital has a fifty-two week low of $2.88 and a fifty-two week high of $8.47. The company has a 50 day moving average of $3.80 and a 200 day moving average of $3.96. The company has a current ratio of 16.50, a quick ratio of 16.50 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $336.48 million, a PE ratio of 10.37 and a beta of 1.93.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data on Thursday, October 24th. The credit services provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. On Deck Capital had a net margin of 7.43% and a return on equity of 9.25%. The company had revenue of $112.55 million during the quarter, compared to the consensus estimate of $110.37 million. During the same quarter in the prior year, the company posted $0.16 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that On Deck Capital will post 0.27 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ONDK. Marshall Wace LLP acquired a new stake in On Deck Capital during the 1st quarter worth approximately $42,000. WINTON GROUP Ltd increased its position in On Deck Capital by 378.8% during the 2nd quarter. WINTON GROUP Ltd now owns 52,826 shares of the credit services provider’s stock worth $219,000 after purchasing an additional 41,792 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in On Deck Capital during the 2nd quarter worth approximately $98,000. Bowling Portfolio Management LLC increased its position in On Deck Capital by 22.5% during the 2nd quarter. Bowling Portfolio Management LLC now owns 253,001 shares of the credit services provider’s stock worth $1,050,000 after purchasing an additional 46,456 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in On Deck Capital by 36.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 85,700 shares of the credit services provider’s stock worth $356,000 after purchasing an additional 22,900 shares in the last quarter. 72.55% of the stock is owned by hedge funds and other institutional investors.

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 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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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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