On Deck Capital (NYSE:ONDK) Stock Upgrade
New York-listed On Deck Capital (NYSE:ONDK), was hiked by research analysts at Keefe Bruyette. The firm hiked its rating on the $860.24M market capitalized company to a respectable “Outperform” from their past rating of “Mkt Perform”.
From a total of 16 analysts covering On Deck Capital (NYSE:ONDK) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $25 while the lowest target price is $8.5. The mean of all analyst targets is $17.14 with a 26.63% above today’s ($12.28) stock price. On Deck Capital was the topic of 15 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Compass Point maintained shares on November 3 with “Sell” rating. Deutsche Bank downgraded shares to “Hold” rating and $14 target share price in a report from an August 4. FBR Capital initiated ONDK stock in a recent report from September 2 with “Outperform” rating. Needham maintained the rating on August 4. Needham has a “Buy” rating and a $19 price target on shares. Finally, Bruyette & Woods” initiated the stock with “Mkt Perform” rating in a report issued on an August 12.
Approximately 4.24M shares of stock traded hands or 1240.28% up from the average. On Deck Capital Inc (NYSE:ONDK) has declined 54.66% since April 29, 2015 and is downtrending. It has underperformed by 54.45% the S&P500.
On Deck Capital, Inc. is an online platform for small business lending. The company has a market cap of $860.24 million. The Firm aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. It currently has negative earnings. Small businesses apply for a term loan or line of credit on the Company’s Website and, using its OnDeck Score, the Company makes a funding decision and transfers the funds.
According to Zacks Investment Research, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States.” Get a free copy of the Zacks research report on On Deck Capital Inc (ONDK).