Atlanticus Holdings Corporation (NASDAQ:ATLC) Stock Rated “Moderate Buy” by Wall Street Analysts

Atlanticus Holdings Corporation (NASDAQ:ATLC) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $129.00.

ATLC has been the subject of several recent analyst reports. BTIG Research restated a “buy” rating and set a $179.00 target price on shares of Atlanticus in a research note on Tuesday, September 22nd. Wall Street Zen raised Atlanticus from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Atlanticus in a research report on Tuesday, September 8th. HSBC set a $144.00 price target on Atlanticus in a report on Monday, July 13th. Finally, B. Riley Financial reissued a “buy” rating on shares of Atlanticus in a research report on Thursday, September 3rd.

Atlanticus Stock Up 1.4%

Shares of Atlanticus stock opened at $87.39 on Thursday. Atlanticus has a 12-month low of $47.50 and a 12-month high of $114.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $92.63 and a two-hundred day moving average price of $79.68. The stock has a market capitalization of $1.33 billion, a P/E ratio of 11.36 and a beta of 1.98.

Atlanticus (NASDAQ:ATLC) last posted 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. Atlanticus had a net margin of 5.80% and a return on equity of 25.17%. The business had revenue of $744.32 million during the quarter, compared to the consensus estimate of $716.35 million. Equities analysts expect that Atlanticus will post 9.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC raised its stake in shares of Atlanticus by 12.3% in the 3rd quarter. Inspire Investing LLC now owns 27,401 shares of the credit services provider’s stock valued at $2,398,000 after buying an additional 3,006 shares in the last quarter. USA Financial Formulas acquired a new position in Atlanticus in the third quarter worth about $39,000. Engineers Gate Manager LP acquired a new position in Atlanticus in the second quarter worth about $669,000. HighTower Advisors LLC acquired a new position in Atlanticus in the second quarter worth about $418,000. Finally, Susquehanna International Group LLP bought a new position in Atlanticus during the second quarter worth about $1,500,000. 14.15% of the stock is owned by 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.