On Deck Capital (NYSE:ONDK) Stock Price Down 2.8%

On Deck Capital Inc (NYSE:ONDK) shares traded down 2.8% during mid-day trading on Tuesday . The company traded as low as $0.71 and last traded at $0.70, 52,417 shares changed hands during mid-day trading. A decline of 97% from the average session volume of 1,890,171 shares. The stock had previously closed at $0.72.

A number of analysts have issued reports on the company. Morgan Stanley lowered their target price on On Deck Capital from $4.25 to $1.50 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Janney Montgomery Scott lowered On Deck Capital from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a report on Friday, May 1st. UBS Group lowered their target price on On Deck Capital from $4.50 to $1.30 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, BTIG Research downgraded On Deck Capital from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $2.29.

The stock has a 50-day simple moving average of $0.87 and a 200 day simple moving average of $2.11. The company has a quick ratio of 18.52, a current ratio of 18.52 and a debt-to-equity ratio of 4.89.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.96). The firm had revenue of $110.56 million during the quarter, compared to the consensus estimate of $112.49 million. On Deck Capital had a negative return on equity of 16.41% and a negative net margin of 8.24%. On average, sell-side analysts expect that On Deck Capital Inc will post -1.91 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of ONDK. Assenagon Asset Management S.A. bought a new position in shares of On Deck Capital during the 1st quarter worth approximately $25,000. Cubist Systematic Strategies LLC bought a new position in shares of On Deck Capital during the 4th quarter worth approximately $32,000. SG Americas Securities LLC lifted its position in shares of On Deck Capital by 76.6% during the 1st quarter. SG Americas Securities LLC now owns 23,522 shares of the credit services provider’s stock worth $36,000 after buying an additional 10,202 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of On Deck Capital by 1,244.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,033 shares of the credit services provider’s stock worth $39,000 after buying an additional 23,171 shares during the period. Finally, Amalgamated Bank bought a new position in shares of On Deck Capital during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

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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