Altisource Portfolio Solutions (ASPS) Earns Daily Coverage Optimism Score of 0.01
Media stories about Altisource Portfolio Solutions (NASDAQ:ASPS) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altisource Portfolio Solutions earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.663044137306 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Altisource Portfolio Solutions SA breached its 50 day moving average in a Bullish Manner : ASPS-US : November 9, 2017 (finance.yahoo.com)
- Altisource Publishes White Paper Outlining Strategies to Assist FHA Servicers in Optimizing Pre-Conveyance Asset … – Markets Insider (markets.businessinsider.com)
- Altisource Publishes White Paper Outlining Strategies to Assist FHA Servicers in Optimizing Pre-Conveyance Asset Disposition (finance.yahoo.com)
- Altisource Portfolio Solutions SA :ASPS-US: Earnings Analysis: Q3, 2017 By the Numbers : October 31, 2017 – Investing.com (investing.com)
- ETFs with exposure to Altisource Portfolio Solutions SA : November 6, 2017 (finance.yahoo.com)
Altisource Portfolio Solutions (NASDAQ ASPS) opened at $25.45 on Friday. Altisource Portfolio Solutions has a 1-year low of $16.17 and a 1-year high of $46.99. The stock has a market cap of $455.68, a price-to-earnings ratio of 8.93, a PEG ratio of 0.47 and a beta of 1.01. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 6.46.
Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $235.00 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. sell-side analysts expect that Altisource Portfolio Solutions will post 2.72 EPS for the current year.
Several brokerages have recently issued reports on ASPS. BidaskClub downgraded shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a 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 target for the company in a report on Friday, August 11th. Northland Securities reissued a “hold” rating and set a $23.00 price target on shares of Altisource Portfolio Solutions in a report on Friday, August 11th. TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Finally, Compass Point raised shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $15.00 in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.33.
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In related news, CFO Indroneel Chatterjee acquired 1,200 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Tuesday, October 31st. The stock was acquired at an average price of $26.32 per share, with a total value of $31,584.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Deer Park Road Management Comp acquired 40,741 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average cost of $24.58 per share, with a total value of $1,001,413.78. The disclosure for this purchase can be found here. Insiders purchased 66,941 shares of company stock valued at $1,591,498 in the last ninety days. Corporate insiders own 6.75% of the company’s stock.
Altisource Portfolio Solutions Company Profile
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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