Altisource Portfolio Solutions SA (NASDAQ:ASPS)’s share price rose 3.7% during mid-day trading on Friday . The company traded as high as $34.21 and last traded at $34.10, with a volume of 204,058 shares. The stock had previously closed at $32.88.

ASPS has been the topic of a number of recent analyst reports. Compass Point upgraded Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $31.00 in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Altisource Portfolio Solutions SA from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, June 15th.

The stock has a 50-day moving average price of $28.62 and a 200 day moving average price of $27.38. The firm has a market cap of $622.03 million and a P/E ratio of 22.33.

Altisource Portfolio Solutions SA (NASDAQ:ASPS) last posted its earnings results on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The firm earned $241.30 million during the quarter, compared to analyst estimates of $239.10 million. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. Analysts forecast that Altisource Portfolio Solutions SA will post $5.93 EPS for the current fiscal year.

In related news, major shareholder William C. Erbey sold 57,142 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $23.81, for a total value of $1,360,551.02. Following the transaction, the insider now owns 800,709 shares in the company, valued at approximately $19,064,881.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William C. Erbey sold 136,763 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $29.13, for a total value of $3,983,906.19. Following the completion of the transaction, the insider now owns 709 shares in the company, valued at approximately $20,653.17. The disclosure for this sale can be found here.

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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