Today it was reported that the CEO & Chairman of On Deck Capital Inc (ONDK), Noah Breslow, exercised options to buy 60,000 ONDK shares at $0.37 a share, for a total transaction value of $22.2K.
Following this transaction Noah Breslow’s holding in the company was increased by 5.63% to a total of $4.03 million.
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Based on On Deck Capital Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $110 million and quarterly net profit of $4.3 million. In comparison, last year the company earned revenue of $95.62 million and had a net profit of $5.79 million. ONDK’s market cap is $273.2M and the company has a P/E ratio of 8.26. Currently, On Deck Capital Inc has an average volume of 1.16M.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $4.31, reflecting a 23.1% upside. Three different firms, including BTIG and UBS, currently also have a Buy rating on the stock.
The insider sentiment on On Deck Capital Inc has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
