JP Morgan Maintains On Deck Capital Inc to Neutral with Price Target $6.50

Brokerage firm JP Morgan Maintains its rating on On Deck Capital Inc(NYSE:ONDK). In a research note issued to the investors, the brokerage major Lowers the price-target to $6.50 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 9, 2016.

In a different note, Oppenheimer said it Initiates Coverage on On Deck Capital Inc, according to a research note issued on Aug 4, 2016. The shares have been rated ‘Perform’ by the firm. On May 31, 2016, Keefe Bruyette & Woods said it Downgrades its rating on On Deck Capital Inc. In the research note, the firm Lowers the price-target to $6.50 per share. The shares have been rated ‘Market Perform’ by the firm. Macquarie said it Initiates Coverage on On Deck Capital Inc, according to a research note issued on May 26, 2016. The shares have been rated ‘Outperform’ by the firm.

On Deck Capital Inc (ONDK) made into the market gainers list on Wednesdays trading session with the shares advancing 1.46% or 0.09 points. Due to strong positive momentum, the stock ended at $6.25, which is also near the day’s high of $6.3. The stock began the session at $6.15 and the volume stood at 8,02,690 shares. The 52-week high of the shares is $12.85 and the 52 week low is $4.1997. The company has a current market capitalization of $443 M and it has 7,09,23,349 shares in outstanding.

On Deck Capital Inc(ONDK) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $69.50M. Analysts had an estimated revenue of $67.83M. Earnings per share were $-0.20. Analysts had estimated an EPS of $-0.24.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Howard Katzenberg (Chief Financial Officer) sold 24,000 shares at $5.23 per share price.Also, On May 4, 2016, Nicholas A Sinigaglia (SVP/Principal Accounting Ofcr) sold 1,000 shares at $8.54 per share price.

On Deck Capital Inc. is an online platform for small business lending. The Company aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. 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. The Company offers two products to small businesses to access capital: term loans and lines of credit. The Company’s end-to-end integrated platform includes the Company’s Website which allows small businesses to apply for a loan in minutes around the clock; data and analytics engine analyzes thousands of data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology which offers seamless funding of loans and daily and weekly collections and ongoing servicing system.

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