Altisource Portfolio Solutions SA (ASPS) Shares Gap Up to $29.95
Altisource Portfolio Solutions SA (NASDAQ:ASPS) gapped up before the market opened on Monday . The stock had previously closed at $29.85, but opened at $29.95. Altisource Portfolio Solutions SA shares last traded at $31.00, with a volume of 261,571 shares changing hands.
A number of equities research analysts recently commented on the stock. Piper Jaffray Cos. lowered shares of Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $24.00 to $16.00 in a report on Monday, May 2nd. Zacks Investment Research lowered shares of Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Compass Point upgraded shares of Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $31.00 in a report on Wednesday, August 10th.
The company has a market capitalization of $579.28 million and a price-to-earnings ratio of 20.80. The company has a 50-day moving average of $26.45 and a 200 day moving average of $26.89.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.10. The firm had revenue of $241.30 million for the quarter, compared to analysts’ expectations of $239.10 million. During the same quarter in the prior year, the firm posted $2.22 EPS. Altisource Portfolio Solutions SA’s revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that Altisource Portfolio Solutions SA will post $5.93 earnings per share for the current fiscal year.
In other Altisource Portfolio Solutions SA news, major shareholder Omega Advisors Inc. bought 172,804 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average cost of $23.88 per share, with a total value of $4,126,559.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William C. Erbey sold 268,460 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $24.01, for a total transaction of $6,445,724.60. Following the completion of the transaction, the insider now directly owns 709 shares of the company’s stock, valued at $17,023.09. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Altisource Portfolio Solutions SA stock. Dimensional Fund Advisors LP raised its position in shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,688 shares of the company’s stock after buying an additional 3,369 shares during the period. Dimensional Fund Advisors LP owned 1.50% of Altisource Portfolio Solutions SA worth $8,056,000 as of its most recent SEC filing.
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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