Altisource Portfolio Solutions (ASPS) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Altisource Portfolio Solutions (NASDAQ:ASPS) from a hold rating to a sell rating in a research note published on Monday morning, BidAskClub reports.

ASPS has been the subject of several other research reports. Zacks Investment Research lowered Altisource Portfolio Solutions from a hold rating to a sell rating in a research report on Thursday, May 2nd. Northland Securities reissued a hold rating and set a $30.00 price objective on shares of Altisource Portfolio Solutions in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Altisource Portfolio Solutions presently has an average rating of Hold and a consensus price target of $29.50.

Shares of Altisource Portfolio Solutions stock opened at $21.79 on Monday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.09. The firm has a market cap of $361.06 million, a price-to-earnings ratio of -68.09 and a beta of 1.03. Altisource Portfolio Solutions has a 12 month low of $19.36 and a 12 month high of $37.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $169.90 million during the quarter, compared to analyst estimates of $167.20 million. Altisource Portfolio Solutions had a negative return on equity of 1.44% and a negative net margin of 0.55%. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) earnings per share. Sell-side analysts anticipate that Altisource Portfolio Solutions will post -0.2 EPS for the current year.

In other Altisource Portfolio Solutions news, Director W Michael Linn sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the transaction, the director now owns 19,147 shares of the company’s stock, valued at $478,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.44% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Altisource Portfolio Solutions by 0.9% during the third quarter. BlackRock Inc. now owns 804,357 shares of the business services provider’s stock valued at $25,924,000 after acquiring an additional 7,447 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Altisource Portfolio Solutions by 6.5% during the third quarter. Vanguard Group Inc. now owns 1,541,226 shares of the business services provider’s stock valued at $49,674,000 after acquiring an additional 94,489 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Altisource Portfolio Solutions by 6.5% during the third quarter. Vanguard Group Inc now owns 1,541,226 shares of the business services provider’s stock valued at $49,674,000 after acquiring an additional 94,489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Altisource Portfolio Solutions by 467.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,888 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 2,379 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Altisource Portfolio Solutions by 43.1% during the fourth quarter. Rhumbline Advisers now owns 14,422 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 4,341 shares in the last quarter. 69.87% of the stock is owned by institutional investors and hedge funds.

Altisource Portfolio Solutions Company Profile

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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