Altisource Portfolio Solutions (NASDAQ:ASPS) Share Price Crosses Above 200-Day Moving Average of $12.86

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.86 and traded as high as $14.22. Altisource Portfolio Solutions shares last traded at $13.43, with a volume of 47,055 shares changing hands.

ASPS has been the subject of a number of recent analyst reports. Northland Securities reiterated a “neutral” rating on shares of Altisource Portfolio Solutions in a research report on Wednesday, April 8th. ValuEngine upgraded Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Zacks Investment Research downgraded Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, B. Riley restated a “buy” rating and set a $15.00 price objective on shares of Altisource Portfolio Solutions in a research report on Tuesday, June 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Altisource Portfolio Solutions presently has an average rating of “Hold” and a consensus price target of $16.00.

The firm has a 50-day simple moving average of $13.15 and a 200 day simple moving average of $12.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.09 by $0.08. The firm had revenue of $113.18 million during the quarter, compared to the consensus estimate of $122.15 million. Altisource Portfolio Solutions had a negative return on equity of 242.64% and a negative net margin of 52.72%. As a group, equities analysts expect that Altisource Portfolio Solutions S.A. will post -1.95 EPS for the current fiscal year.

In other news, major shareholder Deer Park Road Management Comp bought 131,179 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average cost of $8.55 per share, for a total transaction of $1,121,580.45. 30.57% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake in shares of Altisource Portfolio Solutions by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 10,913 shares of the business services provider’s stock valued at $82,000 after buying an additional 2,624 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Altisource Portfolio Solutions by 14.0% in the first quarter. Parametric Portfolio Associates LLC now owns 11,678 shares of the business services provider’s stock valued at $90,000 after buying an additional 1,430 shares during the period. UBS Group AG increased its stake in shares of Altisource Portfolio Solutions by 35.4% in the fourth quarter. UBS Group AG now owns 7,012 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,834 shares during the period. Virginia Retirement Systems ET AL increased its stake in shares of Altisource Portfolio Solutions by 40.7% in the first quarter. Virginia Retirement Systems ET AL now owns 19,000 shares of the business services provider’s stock valued at $146,000 after buying an additional 5,500 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Altisource Portfolio Solutions in the first quarter valued at about $168,000. Hedge funds and other institutional investors own 52.96% of the company’s stock.

About Altisource Portfolio Solutions (NASDAQ:ASPS)

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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