Search Results for 'ondeck'

What Will it Take to Grow OnDeck’s Stock Price?

September 20, 2017
Article by:

ondeck capital ipo

OnDeck closed at the exact same price on September 14th as it did on July 20th, $4.58. In between, OnDeck reported one of their best quarters ever (they released their 2nd quarter earnings on August 7th) and experienced a temporary boost to $5. Even then, the stock was 75% down from the IPO price and […]

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Former Chief Sales Officer of OnDeck Joins CoverWallet as COO

September 5, 2017
Article by:

company news

Paul Rosen, the former Chief Sales Officer of OnDeck, is now the Chief Operating Officer of CoverWallet, according to LinkedIn. Rosen worked at OnDeck from May 2011 to June 2017. CoverWallet is part of the growing insurtech (insurance technology) industry, helping business owners manage “all [their] policies online, all in one place.” The company was […]

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Has OnDeck Turned The Corner?

August 7, 2017
Article by:

OnDeck NYSE

OnDeck’s loan origination volume declined by approximately 20% in the second quarter to $464.4 million but more importantly the company only recorded a GAAP net loss of $1.5 million. That’s down from the $11.1 million loss recorded in Q1 and in line with the company’s plan to achieve profitability in the second half of the […]

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Daniel Gorfine Moves On From OnDeck to CFTC

July 10, 2017
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Daniel Gorfine has moved on from OnDeck, according to a public announcement made by his new employer, the US Commodity Future Trading Commission (CFTC). Gorfine served as OnDeck’s VP of External Affairs and Associate General Counsel for a little over 2 and a half years. His new job, an appointment made by Acting CFTC Chairman […]

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Why OnDeck is Underperforming its Peers

May 29, 2017
Article by:

debanked tracker

Small business lending company OnDeck was down nearly 23% on the year when the market closed on Friday. One of their closest rivals, Square, a company that makes business loans in addition to offering payment processing services, was up almost 64% this year so far. The disparity can be partially attributed to the market’s changing […]

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OnDeck Shares Drop Again

May 10, 2017
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The market continued to express their unhappiness with OnDeck on Tuesday by driving the stock down another 6% to $4.06. The stock had already fallen by 7% the previous day after OnDeck posted their quarterly report. Tuesday’s rout may have been caused by a profile published in the Wall Street Journal Monday evening that asserted […]

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OnDeck On the Path to Profitability?

May 8, 2017
Article by:

OnDeck NYSE

In their earnings announcement this morning, OnDeck predicted that GAAP profitability would be achieved in the second half of 2017. For now, the GAAP net loss in Q1 was only $11.1 million, down from $36.5 million in Q4. The company originated $573 million worth of loans for the quarter. OnDeck has been under pressure from […]

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Marathon Partners Targets OnDeck Capital

April 17, 2017
Article by:

OnDeck NYSE

Marathon Partners, which owns 1.25 million shares of OnDeck Capital, has drawn a line in sand on the shore of the online lender. The private investor is urging OnDeck, whose share price has shed approximately three-quarters of its value since its IPO, to lower its risk profile amid lofty overhead expenses, which Marathon believes are […]

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If Kabbage Wanted to Buy, Would OnDeck Sell?

March 24, 2017
Article by:

OnDeck Capital

A single line in a Reuters story was enough to cause OnDeck’s stock to jump by as much as 11% on Thursday. Industry blogs and news outlets had reacted pretty quickly to word of an unnamed source claiming that OnDeck is a potential acquisition target if Kabbage raises a new equity round. OnDeck closed for […]

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Citing Unnamed Sources, Reuters Reports Kabbage Possibly Looking to Acquire OnDeck

March 23, 2017
Article by:

whispers

Reuters is reporting that Kabbage is in talks to raise equity capital to potentially use for acquisitions and that OnDeck is one of several targets under consideration. As Reuters attributed the OnDeck portion to just one of their multiple unnamed sources, it’s entirely speculative at this point. From a theoretical perspective, would such a thing […]

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