On Deck Capital Inc (NYSE:ONDK) Forecasted to Earn Q1 2019 Earnings of $0.09 Per Share

On Deck Capital Inc (NYSE:ONDK) – B. Riley issued their Q1 2019 earnings per share (EPS) estimates for On Deck Capital in a report released on Wednesday, February 13th, Zacks Investment Research reports. B. Riley analyst S. Buck anticipates that the credit services provider will earn $0.09 per share for the quarter. B. Riley currently has a “Buy” rating and a $12.00 price objective on the stock. B. Riley also issued estimates for On Deck Capital’s Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.08 EPS and FY2019 earnings at $0.33 EPS.

Several other analysts have also recently weighed in on the company. UBS Group raised On Deck Capital from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $11.00 in a report on Wednesday, November 28th. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Maxim Group started coverage on On Deck Capital in a report on Thursday, December 20th. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.25.

Shares of NYSE ONDK traded down $0.15 during midday trading on Monday, hitting $5.62. 310,333 shares of the company’s stock were exchanged, compared to its average volume of 656,429. The company has a current ratio of 27.45, a quick ratio of 27.45 and a debt-to-equity ratio of 2.68. On Deck Capital has a 12 month low of $4.86 and a 12 month high of $9.41. The company has a market capitalization of $436.44 million, a P/E ratio of 13.07 and a beta of 1.84.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.08. The business had revenue of $109.48 million during the quarter, compared to the consensus estimate of $105.27 million. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. On Deck Capital’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share.

In other news, CEO Noah Breslow bought 8,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was acquired at an average price of $5.93 per share, with a total value of $47,440.00. Following the acquisition, the chief executive officer now directly owns 730,644 shares in the company, valued at $4,332,718.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald F. Verni bought 6,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was purchased at an average cost of $5.89 per share, with a total value of $35,340.00. Following the acquisition, the director now owns 84,283 shares in the company, valued at $496,426.87. The disclosure for this purchase can be found here. 21.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ONDK. Renaissance Technologies LLC grew its position in shares of 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 buying an additional 1,185,600 shares during the last quarter. Columbus Circle Investors bought a new stake in shares of On Deck Capital in the 3rd quarter valued at about $7,565,000. Mackenzie Financial Corp grew its position in shares of On Deck Capital by 288.4% in the 4th quarter. Mackenzie Financial Corp now owns 759,753 shares of the credit services provider’s stock valued at $4,483,000 after buying an additional 564,131 shares during the last quarter. Morgan Stanley grew its position in shares of On Deck Capital by 351.3% in the 3rd quarter. Morgan Stanley now owns 623,057 shares of the credit services provider’s stock valued at $4,716,000 after buying an additional 485,009 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of On Deck Capital by 21.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,603,987 shares of the credit services provider’s stock valued at $19,711,000 after buying an additional 460,557 shares during the last quarter. 77.89% 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 was incorporated in 2006 and is headquartered in New York, New York.

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