Jefferies Cuts Price Target on On Deck Capital (ONDK) Following 3Q Miss
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OnDeck Reports Third Quarter 2016 Financial Results
November 3, 2016 7:00 AM EDTNEW YORK, Nov. 3, 2016 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced third quarter 2016 financial results highlighted by continued execution of the company's long-term plan, which has led to record levels of Loans Under Management, Originations and gross revenue. For the three months ended September 30, 2016, OnDeck increased Loans Under Management by 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15% to $77.4 million.
"OnDeck continued to execute on our plan to scale... More
