Altisource Portfolio Solutions (ASPS) Receives Daily Coverage Optimism Rating of 0.16
News articles about Altisource Portfolio Solutions (NASDAQ:ASPS) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Altisource Portfolio Solutions earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.8927640268514 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- 10% Owner of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), Deer Park Road Management Comp, buys 5,269 shares worth $143,994 (empowerednews.net)
- Deer Park Road Management Comp Purchases 350,000 Shares of Altisource Portfolio Solutions S.A. (ASPS) Stock (americanbankingnews.com)
- Altisource Portfolio Solutions (ASPS) and RE/MAX (RMAX) Head to Head Analysis (americanbankingnews.com)
- What Are The Drivers Of Altisource Portfolio Solutions SA’s (NASDAQ:ASPS) Risks? (finance.yahoo.com)
Shares of Altisource Portfolio Solutions (NASDAQ ASPS) traded up $0.03 during midday trading on Friday, hitting $28.21. The company had a trading volume of 240,500 shares, compared to its average volume of 257,950. The stock has a market cap of $505.09, a PE ratio of 256.45, a price-to-earnings-growth ratio of 0.66 and a beta of 0.99. 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 has a 52 week low of $16.17 and a 52 week high of $46.99.
Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.73. The company had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $215.40 million. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. Altisource Portfolio Solutions’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. sell-side analysts anticipate that Altisource Portfolio Solutions will post 2.72 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on ASPS. Northland Securities reiterated a “hold” rating and set a $26.00 price target on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. BidaskClub upgraded Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, December 16th. Finally, Zacks Investment Research upgraded Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Altisource Portfolio Solutions presently has a consensus rating of “Buy” and a consensus target price of $22.33.
In other news, CFO Indroneel Chatterjee acquired 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average cost of $26.32 per share, with a total value of $31,584.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Deer Park Road Management Comp acquired 350,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were purchased at an average cost of $27.93 per share, for a total transaction of $9,775,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 434,683 shares of company stock worth $11,892,719. 6.75% of the stock is currently owned by insiders.
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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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