Brokerages Set Atlanticus Holdings Corporation (NASDAQ:ATLC) Target Price at $62.60

Atlanticus Holdings Corporation (NASDAQ:ATLC - Get Free Report) has received an average rating of "Buy" from the five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $62.60.

A number of equities research analysts have commented on ATLC shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price objective (up previously from $52.00) on shares of Atlanticus in a report on Monday, May 12th. Wall Street Zen lowered shares of Atlanticus from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in shares of Atlanticus by 229.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 728 shares of the credit services provider's stock valued at $41,000 after purchasing an additional 507 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Atlanticus during the 1st quarter worth approximately $56,000. Jones Financial Companies Lllp bought a new position in Atlanticus during the 1st quarter worth approximately $71,000. US Bancorp DE bought a new position in Atlanticus during the 1st quarter worth approximately $74,000. Finally, Globeflex Capital L P bought a new position in Atlanticus during the 4th quarter worth approximately $119,000. Institutional investors own 14.15% of the company's stock.

Atlanticus Price Performance

Shares of Atlanticus stock traded down $0.10 during mid-day trading on Friday, reaching $57.54. 48,081 shares of the stock were exchanged, compared to its average volume of 42,754. The company has a market cap of $870.58 million, a price-to-earnings ratio of 11.13 and a beta of 1.83. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $52.47 and a 200 day simple moving average of $53.56. Atlanticus has a fifty-two week low of $25.44 and a fifty-two week high of $64.70.

Atlanticus (NASDAQ:ATLC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The credit services provider reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.16. Atlanticus had a net margin of 8.54% and a return on equity of 24.51%. The firm had revenue of $344.87 million for the quarter, compared to analyst estimates of $347.24 million. On average, sell-side analysts predict that Atlanticus will post 4.49 EPS for the current fiscal year.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.