In a report released today, Michael Diana from Maxim Group downgraded On Deck Capital (ONDK) to Hold. The company’s shares closed yesterday at $6.44.
Diana said:
“4Q18 results were strong, with gross revenue and non-GAAP EPS both above consensus and guidance, and with adjusted EBITDA above consensus (management does not give guidance on adjusted EBITDA).”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.3% and a 59.7% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Pennantpark Floating Rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for On Deck Capital with a $11 average price target.
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On Deck Capital’s market cap is currently $483.2M and has a P/E ratio of 27.63. The company has a Price to Book ratio of 1.70.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock. Last month, Cory Kampfer, the CLO of ONDK bought 16,667 shares for a total of $6,167.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
On Deck Capital, Inc. engages in online small business lending. It offers financing solution for small businesses, including short term loans, long term loans, and lines of credit. The company was founded on May 4, 2006 and is headquartered in New York, NY.
