Altisource Portfolio Solutions (ASPS) Receiving Somewhat Favorable News Coverage, Study Finds
Press coverage about Altisource Portfolio Solutions (NASDAQ:ASPS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Altisource Portfolio Solutions earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.1760092126178 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Trelix Approved as a Third-Party Due Diligence Provider by DBRS – Markets Insider (markets.businessinsider.com)
- Is It Time To Sell Altisource Portfolio Solutions SA (ASPS)? (finance.yahoo.com)
- Reviewing Altisource Portfolio Solutions (ASPS) & Its Competitors (americanbankingnews.com)
A number of equities research analysts recently issued reports on ASPS shares. ValuEngine upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. BidaskClub upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Northland Securities reiterated a “hold” rating and issued a $23.00 price objective on shares of Altisource Portfolio Solutions in a report on Friday, August 11th. TheStreet upgraded shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, August 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.33.
Shares of Altisource Portfolio Solutions (ASPS) traded down 0.62% during midday trading on Friday, reaching $27.12. 105,788 shares of the company were exchanged. Altisource Portfolio Solutions has a 52-week low of $16.17 and a 52-week high of $46.99. The stock has a 50-day moving average price of $23.61 and a 200 day moving average price of $24.70. The company has a market capitalization of $489.46 million, a P/E ratio of 89.80 and a beta of 0.78.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.19. The business had revenue of $250.69 million during the quarter, compared to the consensus estimate of $239.30 million. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. Equities research analysts expect that Altisource Portfolio Solutions will post $2.83 EPS for the current fiscal year.
In other news, Director Orin S. Kramer acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was bought at an average price of $22.34 per share, with a total value of $558,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 6.75% of the stock is currently owned by company insiders.
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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