Brokerages Set Atlanticus Holdings Corporation (NASDAQ:ATLC) Target Price at $126.00

Atlanticus Holdings Corporation (NASDAQ:ATLC) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $126.00.

A number of analysts have recently commented on ATLC shares. HSBC set a $144.00 price objective on shares of Atlanticus in a research report on Monday, July 13th. B. Riley Financial reiterated a “buy” rating on shares of Atlanticus in a research note on Thursday, May 14th. Capital One Financial set a $144.00 price target on shares of Atlanticus in a research report on Monday, July 13th. Citigroup restated an “outperform” rating on shares of Atlanticus in a research note on Thursday. Finally, Wall Street Zen upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 5th.

Insider Activity

In other Atlanticus news, CAO Mitchell Saunders sold 10,000 shares of Atlanticus stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $102.20, for a total value of $1,022,000.00. Following the completion of the sale, the chief accounting officer owned 46,273 shares in the company, valued at $4,729,100.60. The trade was a 17.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Howard sold 10,000 shares of Atlanticus stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $103.01, for a total transaction of $1,030,100.00. Following the completion of the sale, the chief executive officer owned 663,265 shares of the company’s stock, valued at approximately $68,322,927.65. The trade was a 1.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 75,000 shares of company stock worth $7,868,627. 51.00% of the stock is owned by insiders.

Institutional Trading of Atlanticus

Several large investors have recently bought and sold shares of ATLC. Financial Management Professionals Inc. acquired a new position in shares of Atlanticus during the second quarter worth $33,000. Advisory Services Network LLC acquired a new stake in Atlanticus in the third quarter valued at $47,000. Jones Financial Companies Lllp bought a new position in Atlanticus during the 1st quarter worth $71,000. Inspire Investing LLC bought a new position in Atlanticus during the 1st quarter worth $87,000. Finally, BNP Paribas Financial Markets lifted its holdings in Atlanticus by 334.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,735 shares of the credit services provider’s stock worth $95,000 after buying an additional 1,336 shares during the period. 14.15% of the stock is owned by institutional investors and hedge funds.

Atlanticus Price Performance

Shares of ATLC opened at $97.91 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. Atlanticus has a 1 year low of $45.74 and a 1 year high of $112.61. The stock has a market cap of $1.48 billion, a P/E ratio of 14.61 and a beta of 2.11. The stock’s 50-day moving average price is $91.93 and its two-hundred day moving average price is $71.44.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings data on Thursday, May 7th. The credit services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.69 by $0.54. The business had revenue of $679.59 million for the quarter, compared to the consensus estimate of $749.36 million. Atlanticus had a return on equity of 23.43% and a net margin of 5.86%. On average, equities analysts predict that Atlanticus will post 9.48 earnings per share 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.