On Deck Capital Inc (NYSE:ONDK) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Boasting a price of $5.44, On Deck Capital Inc (NYSE:ONDK) traded -4.04% lower on the day. With the last stock price close down -11.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. On Deck Capital Inc has recorded a 50-day average of $5.95 and a two hundred day average of $5.88. Volume of trade was down over the average, with 124,781 shares of ONDK changing hands under the typical 368,629
Zacks Investment Research has downgraded On Deck Capital Inc (NYSE:ONDK) to Sell in a statement released on 10/12/2016.
On 10/11/2016, Zacks Investment Research released a statement for On Deck Capital Inc (NYSE:ONDK) bumped up the target price from $0.00 to $6.00 that suggested an upside of 0.10%.
With a total market value of $0, On Deck Capital Inc has with a one year low of $4.20 and a one year high of $12.85 .
A total of 14 equity analysts have released a ratings update on ONDK. Six equity analysts rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.98.
Brief Synopsis About On Deck Capital Inc (NYSE:ONDK)
On Deck Capital, Inc. offers an online platform for small business lending. The Company's platform 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. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company's integrated platform includes the Company's Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.