Jefferies Reiterates a Hold Rating on On Deck Capital

By Jason Carr

Jefferies analyst Brian Fitzgerald reiterated a Hold rating on On Deck Capital (NYSE: ONDK) yesterday and set a price target of $5.40. The company’s shares closed yesterday at $4.09, close to its 52-week low of $4.06.

Fitzgerald said:

“On Deck reported a mixed quarter with strong originations growth and record interest income offsetting a decline in gain on sale of loans. Mgmt reiterated full-year guidance but signs of macro headwinds and soft credit environment remain an ongoing concern. Lower gain-on-sale rates, higher funding costs going forward and higher loss provisions should continue to pressure net revenue in the near-term.”

According to, Fitzgerald is a 5-star analyst with an average return of 9.4% and a 59.7% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.

Currently, the analyst consensus on On Deck Capital is Hold and the average price target is $5.97, representing a 46.0% upside.

In a report issued on October 31, BTIG also reiterated a Hold rating on the stock.

The company has a one year high of $12.85 and a one year low of $4.06. Currently, On Deck Capital has an average volume of 356.3K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2015, Cory Kampfer, the CLO of ONDK bought 4,791 shares for a total of $2,612.

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. Its proprietary data and analytics engine aggregates and analyzes the online and offline data attributes and the relationships among those attributes to assess the creditworthiness of a small business in real time. The company was founded on May 4, 2006 and is headquartered in New York, NY.