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

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $129.00.

A number of research analysts have issued reports on ATLC shares. Citigroup restated an “outperform” rating on shares of Atlanticus in a research report on Thursday, July 16th. HSBC set a $144.00 target price on shares of Atlanticus in a report on Monday, July 13th. Wall Street Zen upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Atlanticus in a research report on Tuesday, September 8th. Finally, BTIG Research reissued a “buy” rating and set a $179.00 price target on shares of Atlanticus in a research report on Tuesday, September 22nd.

Check Out Our Latest Research Report on Atlanticus

Institutional Trading of Atlanticus

Several large investors have recently modified their holdings of ATLC. Range Financial Group LLC grew its position in shares of Atlanticus by 5.8% in the 1st quarter. Range Financial Group LLC now owns 4,526 shares of the credit services provider’s stock valued at $237,000 after buying an additional 247 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Atlanticus in the second quarter valued at about $33,000. Allspring Global Investments Holdings LLC raised its position in shares of Atlanticus by 11.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,701 shares of the credit services provider’s stock worth $471,000 after acquiring an additional 918 shares during the last quarter. Bank of America Corp DE raised its position in shares of Atlanticus by 18.1% during the first quarter. Bank of America Corp DE now owns 6,280 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 963 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Atlanticus in the first quarter worth approximately $87,000. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Trading Up 2.0%

Shares of Atlanticus stock opened at $89.29 on Friday. 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 firm has a 50-day moving average of $96.27 and a 200-day moving average of $86.11. Atlanticus has a 52-week low of $47.50 and a 52-week high of $114.34. The stock has a market cap of $1.35 billion, a PE ratio of 11.61 and a beta of 1.98.

Atlanticus (NASDAQ:ATLC – Get Free Report) last released 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. Atlanticus had a net margin of 5.80% and a return on equity of 25.17%. The business had revenue of $744.32 million for the quarter, compared to analyst estimates of $716.35 million. As a group, sell-side analysts forecast that Atlanticus will post 9.73 EPS for the current year.

About Atlanticus

(Get Free Report)

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.

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Analyst Recommendations for Atlanticus (NASDAQ:ATLC)

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