Media coverage about Altisource Portfolio Solutions (NASDAQ:ASPS) has trended somewhat negative on Friday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altisource Portfolio Solutions earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.1675893109223 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research firms recently weighed in on ASPS. BidaskClub lowered shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, August 11th. TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Northland Securities reissued a “hold” rating and issued a $23.00 price objective on shares of Altisource Portfolio Solutions in a research report on Friday, August 11th. Finally, ValuEngine raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Altisource Portfolio Solutions currently has a consensus rating of “Hold” and an average target price of $22.33.
Altisource Portfolio Solutions (NASDAQ ASPS) opened at $27.23 on Friday. The company has a market cap of $490.05, a P/E ratio of 9.60, a PEG ratio of 0.50 and a beta of 1.01. Altisource Portfolio Solutions has a 1 year low of $16.17 and a 1 year high of $46.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57.
Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.73 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.73. The business had revenue of $235.00 million for the quarter, compared to analyst estimates of $215.40 million. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. research analysts anticipate that Altisource Portfolio Solutions will post 2.72 EPS for the current year.
In other Altisource Portfolio Solutions news, Director Orin S. Kramer acquired 25,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were purchased at an average cost of $22.34 per share, for a total transaction of $558,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Deer Park Road Management Comp acquired 15,236 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average price of $25.83 per share, for a total transaction of $393,545.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 109,683 shares of company stock worth $2,675,719. Corporate insiders own 6.75% of the company’s stock.
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About Altisource Portfolio Solutions
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.
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