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

Key Points

• Analysts maintain a Moderate Buy consensus on Atlanticus, with five buy ratings, one strong-buy rating, and two hold ratings. The average 12-month price target is $129, compared with the stock’s reported opening price of $92.29.
• Atlanticus exceeded quarterly expectations, reporting $2.50 in EPS versus the $2.42 consensus estimate and revenue of $744.32 million versus expectations of $716.35 million.
• The stock has traded between $47.50 and $114.34 over the past year, while hedge funds and other institutional investors own approximately 14.15% of outstanding shares.

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $129.00.

A number of research analysts recently weighed in on the stock. BTIG Research reissued a "buy" rating and issued a $179.00 target price on shares of Atlanticus in a report on Tuesday, September 22nd. Capital One Financial set a $144.00 price target on shares of Atlanticus in a research note on Monday, July 13th. Citigroup reiterated an "outperform" rating on shares of Atlanticus in a research report on Thursday, July 16th. Jefferies Financial Group increased their price objective on shares of Atlanticus from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Finally, HSBC set a $144.00 price objective on shares of Atlanticus in a research note on Monday, July 13th.

Atlanticus Stock Performance

NASDAQ ATLC opened at $92.29 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.26 and a quick ratio of 1.26. Atlanticus has a 1-year low of $47.50 and a 1-year high of $114.34. The business has a 50 day simple moving average of $93.18 and a two-hundred day simple moving average of $89.98. The stock has a market capitalization of $1.40 billion, a PE ratio of 12.00 and a beta of 1.98.

Atlanticus (NASDAQ:ATLC - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The credit services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.08. The business had revenue of $744.32 million for 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%. On average, research analysts predict that Atlanticus will post 9.73 EPS for the current fiscal year.

Institutional Trading of Atlanticus

Several hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in Atlanticus in the second quarter worth about $33,000. USA Financial Formulas bought a new stake in Atlanticus during the third quarter worth approximately $39,000. Inspire Investing LLC bought a new stake in Atlanticus during the first quarter worth approximately $87,000. Walleye Capital LLC purchased a new stake in Atlanticus during the second quarter valued at approximately $208,000. Finally, Range Financial Group LLC raised its position in Atlanticus by 5.8% during the first quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider's stock valued at $237,000 after purchasing an additional 247 shares during the period. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

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