Altisource Portfolio Solutions SA (ASPS) Trading Up 3.7%
Altisource Portfolio Solutions SA (NASDAQ:ASPS) was up 3.7% on Friday . The company traded as high as $34.21 and last traded at $34.10, with a volume of 204,058 shares changing hands. The stock had previously closed at $32.88.
Several equities research analysts have recently commented on ASPS shares. Compass Point raised Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $31.00 in a research note on Wednesday, August 10th. Zacks Investment Research raised 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 note on Wednesday, June 15th.
The company has a 50 day moving average of $28.62 and a 200 day moving average of $27.38. The stock has a market cap of $622.03 million and a price-to-earnings ratio of 22.33.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.68 by $0.10. The company had revenue of $241.30 million for the quarter, compared to analysts’ expectations of $239.10 million. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.22 EPS. On average, equities research analysts expect that Altisource Portfolio Solutions SA will post $5.93 earnings per share for the current fiscal year.
In related news, major shareholder William C. Erbey sold 268,460 shares of the stock in a transaction dated 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 sale, the insider now owns 709 shares in the company, valued at $17,023.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Omega Advisors Inc. acquired 172,804 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average price of $23.88 per share, for a total transaction of $4,126,559.52. The disclosure for this purchase 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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