Analysts Set Atlanticus Holdings Corporation (NASDAQ:ATLC) Target Price at $90.00

Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $90.00.

ATLC has been the topic of several recent analyst reports. Citizens Jmp raised their target price on Atlanticus from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 11th. Wall Street Zen cut Atlanticus from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. BTIG Research reissued a “buy” rating and set a $105.00 target price on shares of Atlanticus in a research note on Monday, October 27th. JMP Securities upped their target price on Atlanticus from $78.00 to $95.00 and gave the company a “market outperform” rating in a report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlanticus in a research note on Monday, December 22nd.

Institutional Investors Weigh In On Atlanticus

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in Atlanticus by 2.9% in the third quarter. Wellington Management Group LLP now owns 455,182 shares of the credit services provider’s stock worth $26,665,000 after buying an additional 12,861 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Atlanticus by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 305,772 shares of the credit services provider’s stock valued at $17,912,000 after buying an additional 19,159 shares in the last quarter. Geode Capital Management LLC grew its holdings in Atlanticus by 2.3% in the second quarter. Geode Capital Management LLC now owns 126,841 shares of the credit services provider’s stock worth $6,945,000 after purchasing an additional 2,812 shares during the period. American Century Companies Inc. increased its stake in shares of Atlanticus by 25.8% during the second quarter. American Century Companies Inc. now owns 120,071 shares of the credit services provider’s stock valued at $6,574,000 after purchasing an additional 24,595 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Atlanticus by 19.4% during the third quarter. Bridgeway Capital Management LLC now owns 111,342 shares of the credit services provider’s stock valued at $6,522,000 after buying an additional 18,108 shares during the last quarter. 14.15% of the stock is owned by hedge funds and other institutional investors.

Atlanticus Stock Up 0.6%

Shares of Atlanticus stock opened at $70.14 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.25. Atlanticus has a 52-week low of $41.37 and a 52-week high of $78.91. The company’s 50 day moving average price is $59.20 and its 200-day moving average price is $58.79. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.46 and a beta of 2.08.

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

Atlanticus Company Profile

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.