On Deck Capital Inc (ONDK) reported quarterly earnings results on Monday, May-2-2016. The company reported $-0.18 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $-0.08. The company posted revenue of $62.60 million in the period, 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.
Many Wall Street Analysts have commented on On Deck Capital Inc. Shares were Reiterated by FBR Capital on Feb 23, 2016 to “Outperform” and Lowered the Price Target to $ 11 from a previous price target of $14 .Shares were Reiterated by Needham on Feb 23, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $19 .Shares were Reiterated by Compass Point on Feb 23, 2016 to “Neutral” and Lowered the Price Target to $ 7.50 from a previous price target of $8.50 .
On Deck Capital Inc opened for trading at $8.5 and hit $8.94 on the upside on Wednesday, eventually ending the session at $8.79, with a gain of 3.66% or 0.31 points. The heightened volatility saw the trading volume jump to 2,04,166 shares. Company has a market cap of $619 M.
In a different news, 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.