Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.
Separately, Weiss Ratings downgraded shares of Altisource Portfolio Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.00.
View Our Latest Stock Report on Altisource Portfolio Solutions
Altisource Portfolio Solutions Stock Performance
Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative return on equity of 1.69% and a negative net margin of 5.93%. As a group, equities analysts forecast that Altisource Portfolio Solutions will post 0.37 earnings per share for the current year.
Insider Transactions at Altisource Portfolio Solutions
In other Altisource Portfolio Solutions news, major shareholder Benefit Street Partners Llc purchased 48,991 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of $5.78 per share, with a total value of $283,167.98. Following the completion of the purchase, the insider owned 1,803,045 shares of the company’s stock, valued at approximately $10,421,600.10. The trade was a 2.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have purchased 57,701 shares of company stock valued at $329,182. Corporate insiders own 19.07% of the company’s stock.
Institutional Investors Weigh In On Altisource Portfolio Solutions
An institutional investor recently bought a new position in Altisource Portfolio Solutions stock. Integrated Wealth Concepts LLC bought a new position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,903 shares of the business services provider’s stock, valued at approximately $209,000. Integrated Wealth Concepts LLC owned approximately 0.24% of Altisource Portfolio Solutions as of its most recent filing with the Securities & Exchange Commission. 41.36% of the stock is currently owned by hedge funds and other institutional investors.
About Altisource Portfolio Solutions
Altisource Portfolio Solutions SA (NASDAQ:ASPS) provides technology, marketplace and related services to the mortgage and real estate industries. The company supports lenders, investors, real estate professionals and consumers through platforms designed to facilitate property marketing, transactions, asset management and other aspects of the real estate lifecycle.
Its offerings have included Hubzu, an online marketplace for buying and selling residential real estate, along with software and workflow solutions for default management, property disposition and related mortgage processes.
Featured Articles
- Five stocks we like better than Altisource Portfolio Solutions
- Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
- Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
