Altisource Portfolio Solutions (NASDAQ:ASPS) Upgraded at BidaskClub

BidaskClub upgraded shares of Altisource Portfolio Solutions (NASDAQ:ASPS) from a hold rating to a buy rating in a report issued on Tuesday, BidAskClub reports.

Other equities analysts have also issued reports about the company. ValuEngine raised Altisource Portfolio Solutions from a hold rating to a buy rating in a research report on Thursday, August 1st. Zacks Investment Research raised Altisource Portfolio Solutions from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $27.00.

Altisource Portfolio Solutions stock traded up $0.17 during midday trading on Tuesday, hitting $22.07. 9,237 shares of the company were exchanged, compared to its average volume of 51,321. The company’s fifty day moving average price is $20.00 and its 200-day moving average price is $22.05. The company has a market cap of $351.50 million, a PE ratio of -68.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.10 and a quick ratio of 2.10. Altisource Portfolio Solutions has a fifty-two week low of $18.31 and a fifty-two week high of $35.27.



Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.92). The company had revenue of $196.54 million for the quarter, compared to analyst estimates of $169.90 million. Altisource Portfolio Solutions had a negative return on equity of 3.95% and a negative net margin of 1.52%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. On average, analysts expect that Altisource Portfolio Solutions will post 0.04 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ASPS. Quantamental Technologies LLC purchased a new stake in Altisource Portfolio Solutions during the 2nd quarter worth approximately $32,000. First Quadrant L P CA purchased a new stake in Altisource Portfolio Solutions during the 2nd quarter worth approximately $38,000. BNP Paribas Arbitrage SA increased its holdings in Altisource Portfolio Solutions by 274.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,945 shares of the business services provider’s stock worth $46,000 after purchasing an additional 1,426 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Altisource Portfolio Solutions during the 2nd quarter worth approximately $198,000. Finally, Bank of America Corp DE increased its holdings in Altisource Portfolio Solutions by 115.6% during the 4th quarter. Bank of America Corp DE now owns 10,874 shares of the business services provider’s stock worth $244,000 after purchasing an additional 5,831 shares during the last quarter. Institutional investors own 60.66% of the company’s stock.

About Altisource Portfolio Solutions

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.

Read More: Certificate of Deposit (CD)

Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.