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

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

ATLC has been the subject of several research analyst reports. Jefferies Financial Group boosted their target price on Atlanticus from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday. B. Riley Financial reaffirmed a “buy” rating on shares of Atlanticus in a report on Thursday, September 3rd. William Blair set a $100.00 price objective on shares of Atlanticus in a research report on Wednesday, June 10th. Finally, HSBC set a $144.00 price objective on shares of Atlanticus in a research note on Monday, July 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in Atlanticus in the 2nd quarter worth about $669,000. HighTower Advisors LLC acquired a new position in shares of Atlanticus in the second quarter valued at approximately $418,000. Susquehanna International Group LLP acquired a new position in shares of Atlanticus in the second quarter valued at approximately $1,500,000. Hsbc Holdings PLC acquired a new position in shares of Atlanticus in the second quarter valued at approximately $269,000. Finally, Empowered Funds LLC bought a new position in Atlanticus in the 2nd quarter valued at approximately $7,286,000. 14.15% of the stock is currently owned by institutional investors.

Atlanticus Trading Up 2.9%

Shares of ATLC stock opened at $91.89 on Friday. Atlanticus has a fifty-two week low of $47.50 and a fifty-two week high of $114.34. The stock’s fifty day moving average price is $96.12 and its two-hundred day moving average price is $86.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $1.39 billion, a PE ratio of 11.95 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 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%. Equities analysts predict that Atlanticus will post 9.73 EPS for the current fiscal year.

Atlanticus Company Profile

Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial technology company that develops and provides credit and related financial products for consumers who may have limited access to traditional banking services. The company works with financial institution partners and merchants to deliver credit solutions through digital and point-of-sale channels.

Atlanticus’ offerings include revolving credit products, point-of-sale financing, personal loan solutions and automotive finance programs.