On Deck Capital Inc (ONDK) is Downgraded by Keefe Bruyette to Mkt Perform, Lowers Price Target to $ 6

On Deck Capital Inc (ONDK) was Downgraded by Keefe Bruyette to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $6.50 . Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on May 31, 2016.

Many Wall Street Analysts have commented on On Deck Capital Inc. Macquarie Initiated On Deck Capital Inc on May 26, 2016 to “Outperform”, Price Target of the shares are set at $6.50.On Deck Capital Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 5, 2016. On Deck Capital Inc was Downgraded by Jefferies to ” Hold” on May 4, 2016.

On the company’s financial health, On Deck Capital Inc reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.08. The company had revenue of $62.60 million for the quarter, compared to analysts expectations of $69.37 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

On Deck Capital Inc opened for trading at $4.97 and hit $5.07 on the upside on Friday, eventually ending the session at $4.98, with a gain of 1.01% or 0.05 points. The heightened volatility saw the trading volume jump to 4,15,160 shares. Company has a market cap of $352 M.

In a different news, on May 4, 2016, Nicholas A Sinigaglia (SVP/Principal Accounting Ofcr) sold 1,000 shares at $8.54 per share price. According to the SEC, on Dec 22, 2015, Howard Katzenberg (Chief Financial Officer) sold 25,000 shares at $10.77 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.

On Deck Capital Inc

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