Institutional Venture Management Xiv buys $23,838,990 stake in On Deck Capital Inc (ONDK)

On Deck Capital Inc (ONDK) : Institutional Venture Management Xiv scooped up 3,112 additional shares in On Deck Capital Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,054,250 shares of On Deck Capital Inc which is valued at $23,838,990.On Deck Capital Inc makes up approximately 33.73% of Institutional Venture Management Xiv’s portfolio.

Other Hedge Funds, Including , Elk Creek Partners boosted its stake in ONDK in the latest quarter, The investment management firm added 197,732 additional shares and now holds a total of 1,492,813 shares of On Deck Capital Inc which is valued at $8,777,740. On Deck Capital Inc makes up approx 0.57% of Elk Creek Partners’s portfolio.Teachers Advisors Inc boosted its stake in ONDK in the latest quarter, The investment management firm added 61,161 additional shares and now holds a total of 77,913 shares of On Deck Capital Inc which is valued at $458,128.Fmr boosted its stake in ONDK in the latest quarter, The investment management firm added 1,609,000 additional shares and now holds a total of 2,967,958 shares of On Deck Capital Inc which is valued at $17,451,593. Globeflex Capital L P sold out all of its stake in ONDK during the most recent quarter. The investment firm sold 18,189 shares of ONDK which is valued $106,951.

On Deck Capital Inc opened for trading at $6.16 and hit $6.34 on the upside on Monday, eventually ending the session at $6.29, with a gain of 1.94% or 0.12 points. The heightened volatility saw the trading volume jump to 2,39,975 shares. Company has a market cap of $446 M.

On the company’s financial health, On Deck Capital Inc reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.24. The company had revenue of $69.50 million for the quarter, compared to analysts expectations of $68.29 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on On Deck Capital Inc. Shares were Reiterated by Stifel on Aug 9, 2016 to “Buy” and Lowered the Price Target to $ 7.50 from a previous price target of $10 .Shares were Reiterated by FBR Capital on Aug 9, 2016 to “Mkt Perform” and Lowered the Price Target to $ 6 from a previous price target of $6.50 .Shares were Downgraded by Keefe Bruyette on May 31, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 6 from a previous price target of $6.50 .

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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