Morgan Stanley Increases On Deck Capital (NYSE:ONDK) Price Target to $4.25

On Deck Capital (NYSE:ONDK) had its target price increased by Morgan Stanley from $3.50 to $4.25 in a report published on Wednesday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the credit services provider’s stock.

Several other brokerages have also commented on ONDK. Zacks Investment Research raised On Deck Capital from a hold rating to a buy rating and set a $5.00 price target on the stock in a research note on Tuesday, November 12th. Stephens set a $5.00 price objective on On Deck Capital and gave the stock a hold rating in a research note on Friday, October 25th. Finally, ValuEngine raised On Deck Capital from a sell rating to a hold rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $5.25.

NYSE ONDK traded up $0.08 during trading on Wednesday, reaching $4.19. 266,824 shares of the company traded hands, compared to its average volume of 540,989. The company has a debt-to-equity ratio of 2.74, a quick ratio of 16.50 and a current ratio of 16.50. The stock’s 50 day moving average price is $4.22 and its two-hundred day moving average price is $3.86. The company has a market cap of $301.05 million, a price-to-earnings ratio of 9.74 and a beta of 1.89. On Deck Capital has a 1-year low of $2.88 and a 1-year high of $7.89.

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

Several institutional investors and hedge funds have recently made changes to their positions in ONDK. Marshall Wace LLP bought a new stake in On Deck Capital during the 1st quarter worth approximately $42,000. Bowling Portfolio Management LLC lifted its position in shares of On Deck Capital by 22.5% during the second 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. Virginia Retirement Systems ET AL grew its stake in shares of On Deck Capital by 36.5% during the second quarter. Virginia Retirement Systems ET AL now owns 85,700 shares of the credit services provider’s stock valued at $356,000 after purchasing an additional 22,900 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of On Deck Capital during the second quarter valued at approximately $142,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of On Deck Capital during the second quarter valued at approximately $401,000. 77.73% of the stock is currently 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 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.

Featured Story: How does equity income fit into an investing strategy?

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

Receive News & Ratings for On Deck Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital and related companies with MarketBeat.com's FREE daily email newsletter.