Headlines about Altisource Portfolio Solutions (NASDAQ:ASPS) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altisource Portfolio Solutions earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.7925214039563 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Contrasting Altisource Portfolio Solutions (ASPS) & Its Peers (americanbankingnews.com)
- Comparing Altisource Portfolio Solutions (ASPS) & The Competition (americanbankingnews.com)
- Altisource Portfolio Solutions S.A. (ASPS) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- PHH Corporation : Announces Final Results of Tender Offer (4-traders.com)
- Altisource Portfolio Solutions (ASPS) and its Rivals Head-To-Head Comparison (americanbankingnews.com)
A number of equities research analysts have weighed in on the company. TheStreet raised Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Northland Securities reaffirmed a “hold” rating and set a $23.00 target price on shares of Altisource Portfolio Solutions in a research report on Friday, August 11th. Zacks Investment Research raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, August 11th. BidaskClub lowered Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, ValuEngine raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two 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 company. The stock currently has a consensus rating of “Buy” and an average price target of $21.33.
Altisource Portfolio Solutions (NASDAQ:ASPS) traded down 0.90% on Monday, hitting $24.09. The stock had a trading volume of 152,395 shares. Altisource Portfolio Solutions has a 52-week low of $16.17 and a 52-week high of $46.99. The firm’s 50-day moving average is $22.93 and its 200-day moving average is $24.79. The company has a market cap of $434.78 million, a P/E ratio of 79.77 and a beta of 0.76.
Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.19. Altisource Portfolio Solutions had a return on equity of 82.95% and a net margin of 0.60%. The business had revenue of $250.69 million for the quarter, compared to analysts’ expectations of $239.30 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Altisource Portfolio Solutions will post $2.83 earnings per share for the current fiscal year.
In related news, Director Orin S. Kramer purchased 25,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were purchased at an average price of $22.34 per share, with a total value of $558,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.75% of the company’s stock.
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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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