On Deck Capital Inc (NYSE:ONDK) traded up 9.4% on Wednesday . The company traded as high as $7.14 and last traded at $7.13. 911,907 shares traded hands during trading, an increase of 63% from the average session volume of 560,618 shares. The stock had previously closed at $6.52.
ONDK has been the topic of a number of research analyst reports. BTIG Research upgraded shares of On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Monday, October 8th. UBS Group upgraded shares of On Deck Capital from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $11.00 in a research report on Wednesday, November 28th. Maxim Group assumed coverage on shares of On Deck Capital in a research note on Thursday, December 20th. They set a “buy” rating on the stock. ValuEngine cut shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Finally, B. Riley reaffirmed a “buy” rating on shares of On Deck Capital in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.54.
The company has a debt-to-equity ratio of 2.80, a current ratio of 29.62 and a quick ratio of 29.62. The company has a market cap of $535.08 million, a P/E ratio of -44.63 and a beta of 1.73.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 EPS for the quarter, beating the Thomson Reuters’ 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 return on equity of 9.36% and a net margin of 4.97%. The business’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. On average, analysts forecast that On Deck Capital Inc will post 0.38 earnings per share for the current year.
In other On Deck Capital news, Director David Hartwig sold 105,825 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $8.30, for a total value of $878,347.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of On Deck Capital by 5.0% in the third quarter. BlackRock Inc. now owns 3,589,836 shares of the credit services provider’s stock valued at $27,174,000 after purchasing an additional 169,668 shares in the last quarter. Renaissance Technologies LLC lifted its position in On Deck Capital by 49.4% in the 3rd quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock valued at $27,160,000 after purchasing an additional 1,185,600 shares during the last quarter. Vanguard Group Inc. increased its stake in On Deck Capital by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,576,612 shares of the credit services provider’s stock valued at $27,075,000 after buying an additional 196,912 shares during the period. Vanguard Group Inc grew its stake in shares of On Deck Capital by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 3,576,612 shares of the credit services provider’s stock worth $27,075,000 after purchasing an additional 196,912 shares during the last quarter. Finally, 683 Capital Management LLC increased its position in shares of On Deck Capital by 22.0% in the second quarter. 683 Capital Management LLC now owns 3,050,000 shares of the credit services provider’s stock worth $21,350,000 after acquiring an additional 550,000 shares in the last quarter. Institutional investors own 76.92% of the company’s stock.
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About On Deck Capital (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 was incorporated in 2006 and is headquartered in New York, New York.
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