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2018-11-06 10:00:02
ONDK
On Deck Capital
$8.43
1.73 (25.82%)
10:00
11/06/18
11/06
10:00
11/06/18
10:00
On Deck Capital rises 25.4%
On Deck Capital is up 25.4%, or $1.71 to $8.43.
06
Nov
ONDKOn Deck Capital
$8.43
1.73 (25.82%)
08/23/18
08/23/18 INITIATION
On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Huntington Ingalls (HII) initiated with a Neutral at Seaport Global. 2. Plug Power (PLUG) initiated with an Outperform at Oppenheimer. 3. On Deck Capital (ONDK) initiated with a Buy at B. Riley FBR. 4. PlayAGS (AGS) initiated with an Outperform at Telsey Advisory. 5. WMIH (WMIH) initiated with an Outperform at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/14/18
SPHN
09/14/18 NO CHANGESPHN
Subprime lenders weakness may be opportunity, says Stephens
Stephens analyst Vincent Caintic attributes weakness in shares of subprime consumer lenders to news that U.S. Bancorp (USB) is re-entering the small dollar, high yield lending business after Fifth Third (FITB) re-entered two months ago. However, he views the OCC's push for banks to offer small dollar loans as a positive for online lenders and notes that the recent bank announcements are for loans yielding 40%-70%, which competes against products from Regional Management (RM) and World Acceptance (WRLD) but should not impact online lenders. Subprime online lenders include Enova (ENVA) and Elevate Credit (ELVT). Other publicly traded companies in the FinTech space include LendingClub (LC) and On Deck Capital (ONDK).
10/08/18
BTIG
10/08/18 UPGRADEBTIG Neutral
On Deck Capital upgraded to Neutral from Sell at BTIG
BTIG analyst Mark Palmer upgraded his rating on On Deck Capital to Neutral from Sell on valuation, citing the 21% decline in its stock price since mid-August. The analyst notes that while his "qualms about the company's earnings growth prospects remain" - which he reminds to have warned about following its sharp rally on the earnings beat on August 8th - he sees shares as "more reasonably valued". Palmer adds that he sees the stock trading within a 15% range from its current price levels over the next 12 months.
10/16/18
JANY
10/16/18 NO CHANGEJANY Buy
Janney Montgomery Scott says On Deck's new unit hints at new bank partnerships
After On Deck Capital (ONDK) announced earlier that it has created a new wholly owned subsidiary, ODX, that will provide technology and other services to banks looking to lend online to small businesses, Janney Montgomery Scott analyst John Rowan said he sees this as the logical step before the company announces one or more new bank partnerships. While he thinks the company's lone existing bank partnership, with JPMorgan (JPM), is not a profit center, Rowan believes that the economics could improve as each new bank partner comes on-board and he thinks ODX could eventually become a profit center for On Deck. He maintains a Buy rating on the stock.