In a report released today, Scott Buck from B.Riley FBR maintained a Buy rating on On Deck Capital (ONDK). The company’s shares closed yesterday at $8.89, close to its 52-week high of $9.41.
Buck commented:
“Buy-rated OnDeck Capital, Inc. (ONDK) reported better-than-expected 3Q18 operating results, before the market open on 11/6, exceeding both B. Riley FBR and consensus estimates. Management also increased 2018 guidance for both revenue and EPS. The beat to our forecast was driven by a combination of higher-than-expected interest income and lower-than-expected operating expenses, as marketing and G&A expenses were both well below expectations resulting in adj. EPS of $0.17, vs B Riley FBR estimate of $0.12 and the Street at $0.11. In conjunction with the favorable 3Q18 print, the company increased its full year operating guidance, now expecting adj. full-year adj. net income of $40M to $44M, up from $30M to $36M as of 2Q18.”
Buck has an average return of 15.1% when recommending On Deck Capital.
According to TipRanks.com, Buck is ranked #3964 out of 4907 analysts.
Currently, the analyst consensus on On Deck Capital is a Moderate Buy with an average price target of $10.25, which is a 15.3% upside from current levels. In a report released yesterday, Janney Montgomery also reiterated a Buy rating on the stock with a $12 price target.
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The company has a one-year high of $9.41 and a one-year low of $4.11. Currently, On Deck Capital has an average volume of 660.3K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2018, Noah Breslow, the CEO & Chairman of ONDK bought 100,000 shares for a total of $37,000.
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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.
