Fmr LLC trimmed its holdings in shares of On Deck Capital, Inc. (NYSE:ONDK) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,287,758 shares of the credit services provider’s stock after selling 275,000 shares during the quarter. Fmr LLC owned about 3.16% of On Deck Capital worth $10,661,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in On Deck Capital by 7.7% during the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after acquiring an additional 220,242 shares during the period. Northern Trust Corp boosted its holdings in On Deck Capital by 1.2% during the second quarter. Northern Trust Corp now owns 508,431 shares of the credit services provider’s stock valued at $2,369,000 after acquiring an additional 6,047 shares during the period. Geode Capital Management LLC boosted its holdings in On Deck Capital by 17.4% during the first quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock valued at $1,683,000 after acquiring an additional 49,524 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in On Deck Capital by 39.9% during the second quarter. TIAA CREF Investment Management LLC now owns 318,236 shares of the credit services provider’s stock valued at $1,483,000 after acquiring an additional 90,760 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in On Deck Capital by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 198,316 shares of the credit services provider’s stock valued at $1,000,000 after acquiring an additional 14,957 shares during the period. 53.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on ONDK. BidaskClub cut shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Canaccord Genuity restated a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a report on Sunday, October 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. On Deck Capital has a consensus rating of “Hold” and an average target price of $5.00.
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Shares of On Deck Capital, Inc. (NYSE ONDK) opened at 4.85 on Tuesday. The company has a 50 day moving average of $4.78 and a 200 day moving average of $4.50. The company’s market cap is $354.70 million. On Deck Capital, Inc. has a 1-year low of $3.29 and a 1-year high of $5.88.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.09. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The business had revenue of $86.70 million for the quarter, compared to analyst estimates of $88.53 million. During the same quarter in the prior year, the business earned ($0.25) EPS. On Deck Capital’s quarterly revenue was up 24.7% on a year-over-year basis. Equities analysts expect that On Deck Capital, Inc. will post ($0.02) earnings per share for the current fiscal year.
In related news, CRO Andrea Gellert sold 25,147 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the transaction, the executive now owns 154,440 shares in the company, valued at approximately $713,512.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 25.40% of the stock is currently owned by corporate insiders.
On Deck Capital Profile
On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.
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