Atlanticus (NASDAQ:ATLC) Stock Bumped Up to Strong-Buy by Wall Street Zen

Wall Street Zen upgraded shares of Atlanticus (NASDAQ:ATLC) from a buy rating to a strong-buy rating in a research report report published on Sunday,Wall Street Zen reports.

Several other research analysts have also recently weighed in on the company. Capital One Financial set a $144.00 price target on Atlanticus in a research note on Monday, July 13th. Jefferies Financial Group increased their price objective on shares of Atlanticus from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Atlanticus in a research note on Tuesday, September 8th. Citigroup reaffirmed an “outperform” rating on shares of Atlanticus in a report on Thursday, July 16th. Finally, BTIG Research reiterated a “buy” rating and set a $179.00 price objective on shares of Atlanticus in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Atlanticus Stock Performance

Shares of NASDAQ ATLC opened at $93.73 on Friday. The business has a fifty day simple moving average of $94.95 and a 200-day simple moving average of $87.78. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.99. Atlanticus has a 12 month low of $47.50 and a 12 month high of $114.34. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 12.19 and a beta of 1.98.

Atlanticus (NASDAQ:ATLC) last announced its earnings results on Thursday, August 6th. The credit services provider reported $2.50 earnings per share (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 firm had revenue of $744.32 million for the quarter, compared to analyst estimates of $716.35 million. Sell-side analysts predict that Atlanticus will post 9.73 EPS for the current year.

Institutional Investors Weigh In On Atlanticus

Several institutional investors have recently bought and sold shares of ATLC. BlackRock Inc. purchased a new position in shares of Atlanticus in the second quarter valued at approximately $43,535,000. HB Wealth Management LLC boosted its position in Atlanticus by 1,761.6% in the 1st quarter. HB Wealth Management LLC now owns 118,788 shares of the credit services provider’s stock valued at $6,233,000 after buying an additional 112,407 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Atlanticus during the second quarter worth $9,161,293. Empowered Funds LLC purchased a new stake in shares of Atlanticus during the second quarter worth $7,286,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Atlanticus by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 51,629 shares of the credit services provider’s stock valued at $2,709,000 after acquiring an additional 1,965 shares in the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Atlanticus Company Profile

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.