Price Action Alert: Is Selling Stock Like On Deck Capital Inc After Such Decline Winning Strategy?

Price Action Alert: Is Selling Stock Like On Deck Capital Inc After Such Decline Winning Strategy?

The stock of On Deck Capital Inc (NYSE:ONDK) is a huge mover today! About 295,385 shares traded hands. On Deck Capital Inc (NYSE:ONDK) has declined 24.86% since April 13, 2016 and is downtrending. It has underperformed by 28.79% the S&P500.
The move comes after 8 months negative chart setup for the $357.05 million company. It was reported on Nov, 15 by Barchart.com. We have $4.52 PT which if reached, will make NYSE:ONDK worth $39.28 million less.

On Deck Capital Inc (NYSE:ONDK) Ratings Coverage

Out of 18 analysts covering On Deck Capital (NYSE:ONDK), 2 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 11% are positive. On Deck Capital has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Wednesday, May 4, the company rating was downgraded by Jefferies. The firm earned “Market Perform” rating on Thursday, August 13 by KBW. As per Tuesday, May 31, the company rating was downgraded by Wood. The rating was maintained by FBR Capital with “Outperform” on Tuesday, February 23. The firm has “Market Perform” rating by FBR Capital given on Tuesday, May 3. The stock of On Deck Capital Inc (NYSE:ONDK) earned “Perform” rating by Oppenheimer on Thursday, August 4. Canaccord Genuity downgraded the stock to “Hold” rating in Tuesday, May 3 report. The stock has “Mkt Perform” rating given by Bruyette & Woods” on Wednesday, August 12. Compass Point upgraded On Deck Capital Inc (NYSE:ONDK) rating on Monday, January 18. Compass Point has “Neutral” rating and $8.50 price target. As per Tuesday, May 3, the company rating was maintained by Stifel Nicolaus.

According to Zacks Investment Research, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States.”

More recent On Deck Capital Inc (NYSE:ONDK) news were published by: Marketwatch.com which released: “On Deck Capital slumps 35% after earnings miss and FBR downgrade” on May 03, 2016. Also Wsj.com published the news titled: “Inside JP Morgan’s Deal With On Deck Capital” on December 30, 2015. Fool.com‘s news article titled: “The $1.3 Billion Problem with On Deck Capital and Lending Club” with publication date: May 09, 2016 was also an interesting one.

ONDK Company Profile

On Deck Capital, Inc., incorporated on May 4, 2006, offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company’s integrated platform includes the Company’s Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.

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