On Deck Capital (ONDK) Tops Q2 EPS by 5c; Issues Q3 Outlook
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Go back to On Deck Capital (ONDK) Tops Q2 EPS by 5c; Issues Q3 Outlook
August 4, 2015 10:07 AM EDT
Pacific Crest maintained an Overweight rating on On Deck Capital (NYSE: ONDK) but lowered its price target to $18.00 (from $28.00). Analyst Josh Beck described the company's Q2 as "nosier than expected."
"OnDeck beat Q2 revenue and EBITDA expectations. Funding mix changes plus weak... More
August 4, 2015 9:26 AM EDT
Needham & Company maintained a Buy rating on On Deck Capital (NYSE: ONDK), and cut the price target to $19.00 (from $28.00), following 2Q results. ONDK reported $0.10 in non-GAAP EPS, $0.02 ahead of consensus.
Analyst Mayank Tandon commented, "ONDK delivered 2Q results in-line with the positive preannouncement... More
August 4, 2015 6:43 AM EDT
Deutsche Bank downgraded On Deck Capital (NYSE: ONDK) from Buy to Hold with a price target of $14.00 (from $18.00). The change follows Q2 results. Analyst Lloyd Walmsley noted increasing competition.
"We see ONDK as well positioned long-term to emerge as a leader in online lending.... More
August 3, 2015 4:10 PM EDT
On Deck Capital (NYSE: ONDK) announced today that an affiliate of Jefferies Group LLC, the global investment banking firm, has entered into an amended forward purchase agreement giving Jefferies the ability to purchase up to $500 million in small business loans through OnDeck Marketplace® over the next 12 months.
OnDeck Marketplace is a platform that enables institutional investors to purchase small business loans originated by OnDeck.
OnDeck Marketplace has grown substantially since it first... More
