On Deck Capital Inc (ONDK) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-0.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.24. The company posted revenue of $69.50 million in the period, 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 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 .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 opened for trading at $5.17 and hit $5.4293 on the upside on Friday, eventually ending the session at $5.25, with a gain of 0.77% or 0.04 points. The heightened volatility saw the trading volume jump to 5,28,536 shares. Company has a market cap of $371 M.
In a different news, on Aug 1, 2016, Howard Katzenberg (Chief Financial Officer) sold 24,000 shares at $5.23 per share price. According to the SEC, 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.