Altisource Portfolio Solutions (ASPS) Getting Somewhat Favorable Press Coverage, Analysis Finds

News articles about Altisource Portfolio Solutions (NASDAQ:ASPS) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty 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 nearest to one being the most favorable. Altisource Portfolio Solutions earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 44.5487427499279 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Altisource Portfolio Solutions (NASDAQ ASPS) opened at $27.26 on Thursday. Altisource Portfolio Solutions has a 1 year low of $16.17 and a 1 year high of $46.99. The firm has a market cap of $487.01, a PE ratio of 9.28, a P/E/G ratio of 0.49 and a beta of 1.01. The company has a debt-to-equity ratio of 6.46, a current ratio of 2.57 and a quick ratio of 2.57.

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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $215.40 million. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. equities analysts expect that Altisource Portfolio Solutions will post 2.72 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Northland Securities reaffirmed a “hold” rating and issued a $26.00 price target on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. BidaskClub cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” 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 on Tuesday, October 31st. The stock was purchased at an average price of $26.32 per share, for a total transaction of $31,584.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Deer Park Road Management Comp acquired 40,741 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was purchased at an average price of $24.58 per share, with a total value of $1,001,413.78. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 84,683 shares of company stock valued at $2,117,219. Company insiders own 6.75% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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