News stories about Altisource Portfolio Solutions (NASDAQ:ASPS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altisource Portfolio Solutions earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 44.7641968123883 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Contrasting Altisource Portfolio Solutions (ASPS) & NV5 Global (NVEE) (americanbankingnews.com)
- Altisource Portfolio Solutions (ASPS) Downgraded to Buy at BidaskClub (americanbankingnews.com)
- BidaskClub Downgrades Altisource Portfolio Solutions (ASPS) to Buy (americanbankingnews.com)
- Altisource Portfolio Solutions (ASPS) Upgraded to “Buy” by BidaskClub (americanbankingnews.com)
Shares of ASPS stock traded down $0.55 during mid-day trading on Monday, reaching $26.01. The stock had a trading volume of 46,214 shares, compared to its average volume of 186,417. Altisource Portfolio Solutions has a 52-week low of $16.17 and a 52-week high of $46.99. The stock has a market capitalization of $462.14, a price-to-earnings ratio of 9.29, a PEG ratio of 0.63 and a beta of 1.05. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.19.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The firm had revenue of $216.07 million during the quarter, compared to analysts’ expectations of $197.50 million. Altisource Portfolio Solutions had a net margin of 33.47% and a return on equity of 39.07%. Altisource Portfolio Solutions’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. equities analysts predict that Altisource Portfolio Solutions will post 2.12 EPS for the current year.
A number of research firms have issued reports on ASPS. BidaskClub cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.33.
In other news, major shareholder Deer Park Road Management Comp bought 200,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $23.75 per share, for a total transaction of $4,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.75% of the company’s stock.
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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