Shares of On Deck Capital Inc (NYSE:ONDK) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.46.
A number of equities research analysts have issued reports on the company. BTIG Research upgraded On Deck Capital from a “neutral” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Tuesday, July 30th. Maxim Group reiterated a “hold” rating on shares of On Deck Capital in a research note on Wednesday, July 31st. Morgan Stanley upgraded On Deck Capital from an “underweight” rating to an “equal” rating and cut their price target for the stock from $4.00 to $3.50 in a research note on Wednesday, August 21st. UBS Group lowered On Deck Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $4.00 in a research note on Thursday, August 1st. Finally, ValuEngine upgraded On Deck Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
On Deck Capital stock traded down $0.04 during trading on Thursday, reaching $3.54. The company had a trading volume of 214,208 shares, compared to its average volume of 333,662. On Deck Capital has a 52 week low of $2.88 and a 52 week high of $8.99. The firm’s 50-day simple moving average is $3.40 and its 200 day simple moving average is $4.08. The firm has a market capitalization of $273.16 million, a price-to-earnings ratio of 8.23 and a beta of 1.87. The company has a current ratio of 15.81, a quick ratio of 15.81 and a debt-to-equity ratio of 2.65.
Several institutional investors have recently modified their holdings of ONDK. Quantamental Technologies LLC purchased a new position in shares of On Deck Capital during the second quarter valued at about $28,000. Alpine Woods Capital Investors LLC purchased a new position in shares of On Deck Capital during the second quarter valued at about $42,000. Marshall Wace LLP purchased a new position in shares of On Deck Capital during the first quarter valued at about $42,000. Paloma Partners Management Co purchased a new position in shares of On Deck Capital during the second quarter valued at about $46,000. Finally, Tower Research Capital LLC TRC grew its position in shares of On Deck Capital by 266.9% during the second quarter. Tower Research Capital LLC TRC now owns 19,700 shares of the credit services provider’s stock valued at $82,000 after purchasing an additional 14,330 shares in the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.
About On Deck Capital
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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