Value Hunters: Look To On Deck Capital Inc. (NYSE: ONDK)


    Dimensional Fund Advisors LP recently announced the acquisition of new stake in On Deck Capital Inc. (NYSE:ONDK). The institutional investor has increased its shareholding in the Financial company by 2.11% to 4.71 million shares with purchase of 97358.0 shares. This fresh investment now brings its stake to 8.06% valued currently at $3.38 million. In addition, EJF Capital LLC raised its holdings by 0.99 million to 3.83 million shares. And 683 Capital Management LLC has lifted its position by 20.94% or 0.6 million shares – to 3.46 million shares.

    With over 1.77 million On Deck Capital Inc. (ONDK) shares trading Thursday and a closing price of $0.79 on the day, the dollar volume was approximately $1.4 million. The shares have shown a positive weekly performance of 5.83% and its price on 07/16/20 lost nearly -1.70%. Currently, there are 62.54M common shares owned by the public and among those 54.52M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for ONDK have a consensus price objective of $1.47. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $1.25 should the stock experience a downside. Incidentally, analysts’ outlook for the On Deck Capital Inc. stock is 3.00 for the next 12 months. But an upside of 60.5% will see the stock hit the forecast high price target while mean target price for the stock is $1.40.

    Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 1,580,933 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 7,204,261 shares.

    The top 3 mutual fund holders in On Deck Capital Inc. are Vanguard Total Stock Market Index, DFA US Small Cap Portfolio, and DFA US Targeted Value Portfolio. Vanguard Total Stock Market Index owns 2.36 million shares of the company’s stock, all valued at over $1.7 million. DFA US Small Cap Portfolio sold 64334.0 shares to see its total holdings shrink to 0.99 million shares valued at over $0.71 million and representing 1.69% of the shares outstanding. DFA US Targeted Value Portfolio bought 24566.0 shares to bring its total holdings to over 0.89 million shares at a value of $0.64 million. DFA US Targeted Value Portfolio now owns shares totaling to 1.53% of the shares outstanding.

    Shares of On Deck Capital Inc. (NYSE: ONDK) opened at $0.79, down -$0.01 from a prior closing price of $0.80. However, the script later closed the day at $0.79, down -1.70%. The company’s stock has a 5-day price change of 5.83% and -37.09% over the past three months. ONDK shares are trading -81.00% year to date (YTD), with the 12-month market performance down to -79.94% lower. It has a 12-month low price of $0.54 and touched a high of $4.71 over the same period. Currently, 1.77 million shares have been traded, compared to an average intraday trading volume of 2.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.10%, -6.45%, and -70.42% respectively.

    Institutional ownership of On Deck Capital Inc. (NYSE: ONDK) shares accounts for 85.20% of the company’s 62.54M shares outstanding. Mutual fund holders own 37.18%, while other institutional holders and individual stakeholders account for 62.77% and 19.58% respectively.

    It has a market capitalization of $43.59M and a beta (3y monthly) value of 1.38. The earnings-per-share (ttm) stands at -$0.65. The company has a debt-to-equity ratio at 4.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.83% over the week and 12.04% over the month.

    Analysts forecast that On Deck Capital Inc. (ONDK) will achieve an EPS of -$0.18 for the current quarter, $0 for the next quarter and $0.06 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.83 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 5.50%, and 105.10% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate On Deck Capital Inc. (ONDK) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 11 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the ONDK, a number of firms have released research notes about the stock. BTIG Research stated their Neutral rating for the stock in a research note on May 01, 2020, with the firm’s price target at. B. Riley FBR coverage for the On Deck Capital Inc. (ONDK) stock in a research note released on April 15, 2020 offered a Neutral rating with a price target of $3. Morgan Stanley was of a view on August 21, 2019 that the stock is Equal-Weight, while UBS gave the stock Neutral rating on August 01, 2019, issuing a price target of $7- $4. BTIG Research on their part issued Buy rating on July 30, 2019.


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