On Deck Capital Inc (NASDAQ:ONDK) was upgraded by Zacks Investment Research from a hold rating to a buy rating in a research report issued to clients and investors on Wednesday, Market Beat Ratings reports. The firm presently has a $12.00 price objective on the stock. Zacks Investment Researchs price objective indicates a potential upside of 16.50% from the stocks previous close.
According to Zacks, 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. Its 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.
Shares of On Deck Capital (NASDAQ:ONDK) opened at 10.30 on Wednesday. The companys market cap is $720.73 million. On Deck Capital has a 1-year low of $8.55 and a 1-year high of $24.48. The firm has a 50-day moving average price of $10.21 and a 200 day moving average price of $10.52.