Equities Analysts Set Expectations for On Deck Capital Inc’s Q1 2021 Earnings (NYSE:ONDK)

On Deck Capital Inc (NYSE:ONDK) – Stock analysts at Jefferies Financial Group issued their Q1 2021 earnings per share (EPS) estimates for On Deck Capital in a research note issued to investors on Tuesday, February 11th. Jefferies Financial Group analyst J. Hecht anticipates that the credit services provider will post earnings per share of $0.10 for the quarter. Jefferies Financial Group also issued estimates for On Deck Capital’s Q2 2021 earnings at $0.13 EPS.

A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Maxim Group reiterated a “hold” rating on shares of On Deck Capital in a report on Thursday. Morgan Stanley increased their target price on On Deck Capital from $3.50 to $4.25 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Stephens set a $5.00 target price on On Deck Capital and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Zacks Investment Research cut On Deck Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.25.

Shares of ONDK traded down $0.02 during trading hours on Friday, reaching $3.99. The stock had a trading volume of 394 shares, compared to its average volume of 480,472. On Deck Capital has a 12 month low of $2.88 and a 12 month high of $6.40. The firm has a 50-day simple moving average of $4.09 and a 200 day simple moving average of $3.84. 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 company has a market capitalization of $286.68 million, a price-to-earnings ratio of 9.73 and a beta of 1.73.

On Deck Capital (NYSE:ONDK) last announced its earnings results on Tuesday, February 11th. The credit services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). On Deck Capital had a net margin of 7.43% and a return on equity of 9.25%. The company had revenue of $111.70 million during the quarter, compared to the consensus estimate of $113.15 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in On Deck Capital during the first quarter valued at approximately $42,000. Janney Montgomery Scott LLC acquired a new position in shares of On Deck Capital during the 3rd quarter worth approximately $34,000. Amalgamated Bank acquired a new position in shares of On Deck Capital during the 4th quarter worth approximately $42,000. Dynamic Technology Lab Private Ltd acquired a new position in On Deck Capital in the fourth quarter valued at approximately $60,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in On Deck Capital by 176.7% in the second quarter. Cubist Systematic Strategies LLC now owns 26,366 shares of the credit services provider’s stock valued at $109,000 after acquiring an additional 16,836 shares during the last quarter. 77.61% of the stock is currently owned by 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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