Deck Capital (ONDK) Price Target Reduced at Pacific Crest

Needham & Company Cuts Price Target on On Deck Capital (ONDK) Following 2Q Results

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

Deutsche Bank Downgrades On Deck Capital (ONDK) to Hold

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

On Deck Capital (ONDK) Tops Q2 EPS by 5c; Issues Q3 Outlook

On Deck Capital (NYSE: ONDK) reported Q2 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $63.3 million versus the consensus estimate of $61.94 million.

OnDeck provided the following guidance for the three months ending September 30, 2015 and year ending December 31,... More

On Deck Capital (ONDK) Enters Purchase Agreement to Sell up to $500M of Marketplace Loans

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