Altisource Portfolio Solutions SA (NASDAQ:ASPS) has been given a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation and two have issued a strong buy recommendation on the company. Altisource Portfolio Solutions SA’s rating score has improved by 22.3% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $28.67 for the company and are anticipating that the company will post $1.46 EPS for the current quarter, according to Zacks. Zacks has also given Altisource Portfolio Solutions SA an industry rank of 90 out of 265 based on the ratings given to related companies.
Several research firms have issued reports on ASPS. Zacks Investment Research lowered Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Compass Point upgraded Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $31.00 in a research report on Wednesday, August 10th.
Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) traded up 1.26% on Thursday, hitting $30.48. The stock had a trading volume of 64,199 shares. The stock has a market cap of $559.28 million, a PE ratio of 20.08 and a beta of 1.01. The stock has a 50 day moving average of $32.17 and a 200-day moving average of $28.57. Altisource Portfolio Solutions SA has a 12 month low of $17.33 and a 12 month high of $37.00.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Altisource Portfolio Solutions SA had a return on equity of 206.80% and a net margin of 2.90%. The firm earned $241.30 million during the quarter, compared to the consensus estimate of $239.10 million. During the same period in the previous year, the firm earned $2.22 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts anticipate that Altisource Portfolio Solutions SA will post $5.93 EPS for the current year.
In other Altisource Portfolio Solutions SA news, major shareholder Omega Advisors Inc. acquired 172,804 shares of the stock in a transaction dated Thursday, July 28th. The shares were acquired at an average cost of $23.88 per share, for a total transaction of $4,126,559.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William C. Erbey sold 174,398 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $24.14, for a total value of $4,209,967.72. Following the completion of the transaction, the insider now owns 709 shares in the company, valued at $17,115.26. The disclosure for this sale can be found here. 6.03% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its stake in Altisource Portfolio Solutions SA by 35.1% in the second quarter. GSA Capital Partners LLP now owns 115,997 shares of the company’s stock worth $3,229,000 after buying an additional 30,148 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Altisource Portfolio Solutions SA during the second quarter worth approximately $103,000. Smith Asset Management Group LP purchased a new stake in Altisource Portfolio Solutions SA during the second quarter worth approximately $1,682,000. First Quadrant L P CA purchased a new stake in Altisource Portfolio Solutions SA during the second quarter worth approximately $262,000. Finally, Royal Bank of Canada increased its stake in Altisource Portfolio Solutions SA by 10,537.8% in the first quarter. Royal Bank of Canada now owns 4,787 shares of the company’s stock worth $115,000 after buying an additional 4,742 shares in the last quarter. Institutional investors own 72.05% of the company’s stock.
Altisource Portfolio Solutions SA Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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