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

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Atlanticus in a report on Tuesday, September 8th. Citigroup reiterated an “outperform” rating on shares of Atlanticus in a report on Thursday, July 16th. Texas Capital upgraded Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. HSBC set a $144.00 price target on Atlanticus in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 11th.

Institutional Trading of Atlanticus

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Atlanticus in the 2nd quarter valued at about $43,535,000. HB Wealth Management LLC grew its position in shares of Atlanticus by 1,761.6% during the 1st quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock valued at $6,233,000 after buying an additional 112,407 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Atlanticus during the second quarter worth about $9,161,293. Empowered Funds LLC acquired a new stake in Atlanticus during the second quarter worth about $7,286,000. Finally, Janney Montgomery Scott LLC raised 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 acquiring an additional 1,965 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Stock Performance

Shares of Atlanticus stock opened at $86.19 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.26 and a current ratio of 1.26. Atlanticus has a 1 year low of $47.50 and a 1 year high of $114.34. The firm’s 50-day simple moving average is $92.74 and its 200-day simple moving average is $90.22. The firm has a market cap of $1.31 billion, a PE ratio of 11.21 and a beta of 1.98.

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

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology and services company that provides credit and related financial products to consumers, primarily in the United States. Through its subsidiaries, the company focuses on serving consumers who may have limited access to traditional forms of credit.

Atlanticus operates businesses offering private-label and general-purpose credit products, including credit cards and installment loans. Its offerings are distributed through direct-to-consumer channels and partnerships with merchants, giving consumers access to financing for purchases and other personal needs.

The company also operates an auto finance business that provides vehicle-related lending solutions.