On Deck Capital (ONDK) Given a $12.00 Price Target at Janney Montgomery Scott

Janney Montgomery Scott set a $12.00 price objective on On Deck Capital (NYSE:ONDK) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the credit services provider’s stock.

A number of other equities analysts also recently commented on the stock. Morgan Stanley downgraded shares of On Deck Capital from an equal weight rating to an underweight rating and set a $5.50 target price on the stock. in a research note on Thursday, July 19th. ValuEngine downgraded shares of On Deck Capital from a buy rating to a hold rating in a research note on Monday, September 24th. BTIG Research upgraded shares of On Deck Capital from a sell rating to a neutral rating and set a $7.00 target price on the stock in a research note on Monday, October 8th. UBS Group increased their price objective on shares of On Deck Capital from $6.50 to $9.00 and gave the company a neutral rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research upgraded shares of On Deck Capital from a hold rating to a strong-buy rating and set a $10.00 price objective on the stock in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $9.36.

Shares of ONDK stock opened at $8.14 on Tuesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 26.85 and a current ratio of 26.85. The stock has a market capitalization of $663.66 million, a price-to-earnings ratio of -50.88 and a beta of 1.54. On Deck Capital has a one year low of $4.11 and a one year high of $9.41.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, November 6th. The credit services provider reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.11. The business had revenue of $103.00 million for the quarter, compared to the consensus estimate of $98.32 million. On Deck Capital had a net margin of 4.97% and a return on equity of 9.53%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS. On average, equities analysts forecast that On Deck Capital will post 0.28 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONDK. Portolan Capital Management LLC boosted its stake in shares of On Deck Capital by 54.0% during the second quarter. Portolan Capital Management LLC now owns 4,167,863 shares of the credit services provider’s stock valued at $29,175,000 after purchasing an additional 1,461,982 shares in the last quarter. Columbus Circle Investors bought a new position in shares of On Deck Capital during the third quarter valued at approximately $7,565,000. Renaissance Technologies LLC boosted its stake in shares of On Deck Capital by 44.2% during the second quarter. Renaissance Technologies LLC now owns 2,402,200 shares of the credit services provider’s stock valued at $16,815,000 after purchasing an additional 736,600 shares in the last quarter. 683 Capital Management LLC boosted its stake in shares of On Deck Capital by 22.0% during the second quarter. 683 Capital Management LLC now owns 3,050,000 shares of the credit services provider’s stock valued at $21,350,000 after purchasing an additional 550,000 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of On Deck Capital by 14.7% during the second quarter. BlackRock Inc. now owns 3,420,168 shares of the credit services provider’s stock valued at $23,941,000 after purchasing an additional 439,494 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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 was incorporated in 2006 and is headquartered in New York, New York.

Further Reading: Hedge Funds Explained

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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