Lending Club Stock Price Hits Record Low

February 27, 2018
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Lending Club’s stock dropped to its lowest level on Monday, closing at $3.27, according to the online lending tracker. That puts the company down 78% from its IPO price of $15 and down 87% from its all-time high. Since going public, the company has been mired in litigation, losses, and scandal. The company has also […]

Industry Stock Performance Update

January 21, 2018
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Square is the big winner thus far according to the deBanked Online Lender Tracker. The company’s stock price is up 373% since its IPO and already up 22.76% YTD. OnDeck and Lending Club by contrast are down by more than 70% from their IPOs and down 17.6% and 2.66% YTD respectively. But the real loser […]

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

September 20, 2017
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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 […]

Why OnDeck is Underperforming its Peers

May 29, 2017
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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 […]

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 […]

Rough Year? Market Tells Different Story for Alternative Lenders So Far

April 25, 2017
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stocks up

A decent day for OnDeck’s stock on Tuesday was enough to place the company’s share price in positive territory year-to-date, where just about every other public online lender finds themselves as well. According to the new deBanked Tracker, Square is up more than 33% on the year and Yirendai up 19%. Even Lending Club, whose […]

FinTech Ventures Fund, LLLP Sheds More Than Half of its Shares in IOU Financial

April 22, 2017
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FinTech Ventures Fund, LLLP (“FinTech”), a major shareholder of IOU Financial, shed more than half of its holdings in the Canadian-listed company last week. The 7 million shares sold represented nearly 10% of IOU’s outstanding common shares. According to a statement: FinTech will review and monitor its options and alternatives with respect to additional acquisitions […]

Marathon Partners Targets OnDeck Capital

April 17, 2017
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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 […]

Update: Stitt v OnDeck Class Action Dismissed

December 12, 2016
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ondeck ambulance chasers

In case you missed it, the class action lawsuit filed in August 2015 by small retail investor Carl Stitt against OnDeck, its officers and underwriting banks for violating securities laws, was dismissed in late September of this year. Stitt withdrew his suit without prejudice as to all parties, including another investor, Isaac Malafsky, whose own […]

If Wall Street Likes Square, Why Is the Stock Falling?

March 10, 2016
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Square’s stock opened 7.86 percent lower today even after its fourth-quarter revenues totalling $374 million beat analysts expectations hovering around $345 million.

China: New Regulator In, Stocks Up

February 22, 2016
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Chinese stocks got a much-needed respite and traded at four-week high after the country ousted the head of its securities regulator.

Online Lenders Plummet Simultaneously to All-Time Lows

January 14, 2016
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red ink

If it was involved in online lending, investors dumped it on Wednesday January 13th. LendingTree, a consumer lending platform, dropped nearly 30% for the day despite reporting positive results. OnDeck closed at a new all-time low of $7.33, a drop of almost 14% for the day. Lending Club also closed at a new all-time low. […]

An OnDeck (ONDK) Technical Analysis

July 12, 2015
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ONDK Chart 1

For some of us working in the merchant cash advance industry, we saw the IPO of OnDeck (ONDK) as a major stepping stone in getting recognized by main street and receiving overall exposure. Unfortunately it has not been the best representative of us in the stock market. I started monitoring ONDK on the first day […]

OnDeck Q1 2015 Earnings Call

May 4, 2015
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OnDeck (ONDK) is scheduled to release Q1 2015 earnings today at 5pm EST. Anyone can register to listen to the call via web HERE or by dialing in through (877)201-0168 with conference ID 23530259. OnDeck closed Friday at $19.29, just 8 cents below where it closed leading up to the 2014 Q4 and year-end earnings […]

Getting in on the ONDK and LC IPO

December 4, 2014
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According to Investopedia, “Getting a piece of a hot IPO is very difficult, if not impossible.” The Motley fool says: If the bankers think a stock will soar, they earmark much of the shares for their favorite institutional clients (ones that bring in the most in commissions). In a sense, brokerages use lucrative IPOs to […]