On Deck Capital Got Some Good News

By Jason Carr

FBR Capital analyst Bob Ramsey upgraded On Deck Capital (NYSE: ONDK) to Buy today. The company’s shares closed yesterday at $3.63, close to its 52-week low of $3.29.

According to TipRanks.com, Ramsey is a 4-star analyst with an average return of 4.3% and a 57.2% success rate. Ramsey covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, State National Companies Inc, and Pacific Premier Bancorp Inc.

On Deck Capital has an analyst consensus of Hold, with a price target consensus of $5.47.

The company has a one year high of $6.46 and a one year low of $3.29. Currently, On Deck Capital has an average volume of 547.5K.

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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. 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.