Recent Investment Analysts’ Ratings Updates for Altisource Portfolio Solutions (ASPS)

A number of firms have modified their ratings and price targets on shares of Altisource Portfolio Solutions (NASDAQ: ASPS) recently:

  • 6/10/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 6/7/2019 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/3/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/28/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/20/2019 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/20/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/8/2019 – Altisource Portfolio Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/2/2019 – Altisource Portfolio Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/1/2019 – Altisource Portfolio Solutions was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/25/2019 – Altisource Portfolio Solutions had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $30.00 price target on the stock. They wrote, “We believe this was lower buy-renovate-sell revenues, property management, originations and non-OCN servicing onboarding delays. Key Points The highlight remains the Project Catalyst or cost reduction plan to eliminate $65M to $90M of annual costs by 2020, though with various business and asset sales the number is a little bit in motion. ASPS will focus on headcount, moving data to cloud, facilities, greater efficiencies and hopes to get half of the savings in 2019 and full benefit in 2020. We believe this was long overdue and helps drive better 2019 results. This resulted in $11.6M of severance and other costs during 2018 and $4.4M in 1Q19 but also helped lower compensation and benefits cost $15.7M or 23% y/y. . As we had previously noted, for ASPS to be successful again and offset the roughly $55M hole of Adj.””

Shares of NASDAQ:ASPS traded down $0.09 during trading on Wednesday, hitting $18.67. The stock had a trading volume of 2,970 shares, compared to its average volume of 79,219. Altisource Portfolio Solutions S.A. has a 12 month low of $18.66 and a 12 month high of $37.86. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $304.91 million, a P/E ratio of -58.34 and a beta of 1.09.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Thursday, April 25th. The business services provider reported ($0.20) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). Altisource Portfolio Solutions had a negative return on equity of 1.44% and a negative net margin of 0.55%. The company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $167.20 million. During the same period in the previous year, the business earned ($0.24) earnings per share. Altisource Portfolio Solutions’s quarterly revenue was down 13.9% compared to the same quarter last year. On average, equities analysts forecast that Altisource Portfolio Solutions S.A. will post -0.2 EPS for the current fiscal year.



In related news, Director W Michael Linn sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the director now directly owns 19,147 shares of the company’s stock, valued at approximately $478,675. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 26.44% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Altisource Portfolio Solutions by 467.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,888 shares of the business services provider’s stock worth $65,000 after acquiring an additional 2,379 shares in the last quarter. Rhumbline Advisers lifted its stake in Altisource Portfolio Solutions by 43.1% in the 4th quarter. Rhumbline Advisers now owns 14,422 shares of the business services provider’s stock valued at $324,000 after buying an additional 4,341 shares in the last quarter. Prudential Financial Inc. purchased a new position in Altisource Portfolio Solutions in the 4th quarter valued at about $394,000. Bank of New York Mellon Corp lifted its stake in Altisource Portfolio Solutions by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 46,987 shares of the business services provider’s stock valued at $1,056,000 after buying an additional 1,090 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in Altisource Portfolio Solutions by 40.8% in the 4th quarter. United Services Automobile Association now owns 46,727 shares of the business services provider’s stock valued at $1,051,000 after buying an additional 13,541 shares in the last quarter. 63.71% of the stock is currently owned by institutional investors.

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.

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