Analyst Price Target Update on On Deck Capital (NYSE:ONDK)

On Deck Capital (NYSE:ONDK): 13 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $10.04 in On Deck Capital (NYSE:ONDK). However, the stock price could fluctuate by $ 5.28 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $22 price target with the lower price estimate is calculated at $4

Many analysts have stated their opinion on the company shares. Equity Analysts at the Keefe Bruyette & Woods downgrades the rating on On Deck Capital (NYSE:ONDK). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The Analysts at the ratings agency lowers the price target from $6.5 per share to $6 per share. The rating by the firm was issued on May 31, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (SVP/Principal Accounting Ofcr) of On Deck Capital, Inc., Sinigaglia Nicholas A sold 1,000 shares at $8.54 on May 2, 2016. The Insider selling transaction had a total value worth of $8,540. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

On Deck Capital (NYSE:ONDK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.18 points or 3.52% at $4.93 with 928,018 shares getting traded. Post opening the session at $5.02, the shares hit an intraday low of $4.77 and an intraday high of $5.17 and the price was in this range throughout the day. The company has a market cap of $349 million and the number of outstanding shares have been calculated to be 70,717,327 shares. The 52-week high of On Deck Capital (NYSE:ONDK) is $14.9 and the 52-week low is $4.1997.

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 Companys 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 Companys end-to-end integrated platform includes the Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.