OnDeck Capital (ONDK) Raised to “C-” at TheStreet

OnDeck Capital (NYSE:ONDK) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Monday.

ONDK has been the subject of several other reports. Zacks Investment Research downgraded OnDeck Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. ValuEngine upgraded OnDeck Capital from a “sell” rating to a “hold” rating in a report on Monday. UBS started coverage on OnDeck Capital in a report on Tuesday, March 27th. They issued a “neutral” rating and a $6.00 price objective for the company. Jefferies Group restated a “hold” rating on shares of OnDeck Capital in a report on Wednesday, February 14th. Finally, BTIG Research restated a “hold” rating on shares of OnDeck Capital in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.39.

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NYSE:ONDK opened at $5.95 on Monday. OnDeck Capital has a twelve month low of $3.29 and a twelve month high of $6.36. The firm has a market cap of $403.45 million, a PE ratio of -37.19 and a beta of 1.44. The company has a quick ratio of 25.41, a current ratio of 25.41 and a debt-to-equity ratio of 2.60.

OnDeck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, May 8th. The credit services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $90.28 million during the quarter, compared to the consensus estimate of $88.40 million. OnDeck Capital had a negative return on equity of 4.41% and a negative net margin of 3.29%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. sell-side analysts anticipate that OnDeck Capital will post 0.09 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ONDK. Bank of Montreal Can grew its stake in OnDeck Capital by 4,393.3% in the fourth quarter. Bank of Montreal Can now owns 24,219 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 23,680 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in OnDeck Capital in the fourth quarter valued at about $143,000. Quantitative Systematic Strategies LLC grew its stake in OnDeck Capital by 153.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 25,879 shares of the credit services provider’s stock valued at $145,000 after purchasing an additional 15,677 shares during the last quarter. Ellington Management Group LLC purchased a new position in OnDeck Capital in the fourth quarter valued at about $169,000. Finally, Acadian Asset Management LLC purchased a new position in OnDeck Capital in the fourth quarter valued at about $183,000. Institutional investors own 67.90% of the company’s stock.

OnDeck 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.

Analyst Recommendations for OnDeck Capital (NYSE:ONDK)

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