Morgan Stanley Increases On Deck Capital (NYSE:ONDK) Price Target to $4.25

On Deck Capital (NYSE:ONDK) had its target price upped by analysts at Morgan Stanley from $3.50 to $4.25 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 5.20% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Tuesday, November 12th. Stephens set a $5.00 price objective on On Deck Capital and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, ValuEngine upgraded On Deck Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.25.

Shares of On Deck Capital stock opened at $4.04 on Wednesday. The firm has a market cap of $295.30 million, a price-to-earnings ratio of 9.40 and a beta of 1.89. The business has a 50-day moving average price of $4.18 and a 200-day moving average price of $3.87. The company has a quick ratio of 16.50, a current ratio of 16.50 and a debt-to-equity ratio of 2.74. On Deck Capital has a twelve month low of $2.88 and a twelve month high of $7.89.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Thursday, October 24th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The firm had revenue of $112.55 million for the quarter, compared to analysts’ expectations of $110.37 million. On Deck Capital had a return on equity of 9.25% and a net margin of 7.43%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts expect that On Deck Capital will post 0.27 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of On Deck Capital by 3,613.1% in the 3rd quarter. Millennium Management LLC now owns 1,525,225 shares of the credit services provider’s stock worth $5,124,000 after buying an additional 1,484,148 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in On Deck Capital during the second quarter worth approximately $3,886,000. Renaissance Technologies LLC increased its stake in On Deck Capital by 19.5% during the second quarter. Renaissance Technologies LLC now owns 5,382,975 shares of the credit services provider’s stock worth $22,339,000 after acquiring an additional 878,100 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in On Deck Capital by 214.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,251,281 shares of the credit services provider’s stock worth $5,193,000 after acquiring an additional 852,971 shares during the last quarter. Finally, Voce Capital Management LLC purchased a new stake in On Deck Capital during the second quarter valued at approximately $3,537,000. 77.73% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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