Atlanticus (NASDAQ:ATLC) Price Target Raised to $100.00 at Citizens Jmp

Atlanticus (NASDAQ:ATLC) had its target price hoisted by analysts at Citizens Jmp from $95.00 to $100.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp’s price objective points to a potential upside of 57.26% from the stock’s previous close.

ATLC has been the topic of several other reports. JMP Securities raised their price target on Atlanticus from $78.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 18th. Wall Street Zen lowered Atlanticus from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Citigroup reissued an “outperform” rating on shares of Atlanticus in a research report on Thursday. B. Riley raised their price target on Atlanticus from $70.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Atlanticus in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Atlanticus Price Performance

Atlanticus stock opened at $63.59 on Thursday. Atlanticus has a one year low of $41.37 and a one year high of $78.91. The business has a fifty day moving average price of $56.24 and a 200-day moving average price of $57.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $962.75 million, a P/E ratio of 11.29 and a beta of 2.08.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings results on Monday, November 10th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.14. The firm had revenue of $495.29 million during the quarter, compared to analyst estimates of $503.64 million. Atlanticus had a net margin of 7.46% and a return on equity of 22.86%. As a group, equities research analysts forecast that Atlanticus will post 4.49 EPS for the current year.

Institutional Investors Weigh In On Atlanticus

Several institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System increased its holdings in Atlanticus by 151.5% during the 2nd quarter. New York State Teachers Retirement System now owns 503 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 303 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Atlanticus in the 3rd quarter valued at about $38,000. Advisory Services Network LLC purchased a new position in Atlanticus in the third quarter worth $47,000. Jones Financial Companies Lllp acquired a new position in Atlanticus during the 1st quarter valued at about $71,000. Finally, AlphaQuest LLC increased its holdings in shares of Atlanticus by 20,442.9% during the third quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock valued at $84,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 14.15% of the company’s stock.

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.