Atlanticus Holdings Corporation (NASDAQ:ATLC) Stock Has Consensus Price Target of $129.00 According to Brokerages

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $129.00.

A number of research analysts have commented on ATLC shares. HSBC set a $144.00 price objective on shares of Atlanticus in a research note on Monday, July 13th. Capital One Financial set a $144.00 target price on shares of Atlanticus in a research report on Monday, July 13th. Texas Capital upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Jefferies Financial Group increased their price target on shares of Atlanticus from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup reiterated an “outperform” rating on shares of Atlanticus in a research note on Thursday, July 16th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Atlanticus in the 2nd quarter valued at approximately $43,535,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Atlanticus during the 2nd quarter valued at approximately $9,161,293. Empowered Funds LLC bought a new position in Atlanticus during the second quarter worth $7,286,000. HB Wealth Management LLC lifted its stake in Atlanticus by 1,761.6% during the first quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock worth $6,233,000 after purchasing an additional 112,407 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Atlanticus by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 51,629 shares of the credit services provider’s stock worth $2,709,000 after purchasing an additional 1,965 shares during the last quarter. Institutional investors own 14.15% of the company’s stock.

Atlanticus Stock Performance

Shares of ATLC opened at $87.48 on Friday. The business’s 50 day moving average is $96.55 and its two-hundred day moving average is $85.58. Atlanticus has a 52-week low of $47.50 and a 52-week high of $114.34. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 11.38 and a beta of 2.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.99.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, August 6th. The credit services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.42 by $0.08. The company had revenue of $744.32 million during the quarter, compared to analysts’ expectations of $716.35 million. Atlanticus had a return on equity of 25.17% and a net margin of 5.80%. Analysts forecast that Atlanticus will post 9.73 EPS for the current fiscal year.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology company that provides credit and related financial services to consumers, particularly those who may have limited access to traditional lending products. The company works with merchants, financial institutions and other business partners to offer financing options at the point of sale and through direct-to-consumer channels.

Its consumer finance activities include retail credit programs, private-label and general-purpose credit cards, personal lending products and other installment financing.