Altisource Portfolio Solutions (NASDAQ:ASPS) Earns “Buy” Rating from B. Riley Financial

Altisource Portfolio Solutions (NASDAQ:ASPS)‘s stock had its “buy” rating reaffirmed by B. Riley Financial in a research report issued on Thursday,Benzinga reports. They presently have a $8.00 target price on the business services provider’s stock. B. Riley Financial’s price objective would suggest a potential upside of 24.42% from the stock’s previous close.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Altisource Portfolio Solutions in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Altisource Portfolio Solutions currently has a consensus rating of “Hold” and an average price target of $8.00.

Altisource Portfolio Solutions Trading Up 0.9%

Shares of ASPS stock opened at $6.43 on Thursday. The firm has a market capitalization of $72.53 million, a P/E ratio of -53.58 and a beta of 0.18. Altisource Portfolio Solutions has a 1 year low of $4.30 and a 1 year high of $15.96. The firm’s fifty day simple moving average is $6.18 and its 200 day simple moving average is $8.12.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter. The company had revenue of $42.34 million for the quarter. Altisource Portfolio Solutions had a negative return on equity of 0.45% and a net margin of 0.94%.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at approximately $75,000. Millennium Management LLC acquired a new position in Altisource Portfolio Solutions during the third quarter valued at approximately $141,000. XTX Topco Ltd bought a new stake in Altisource Portfolio Solutions in the third quarter valued at approximately $589,000. Potomac Capital Management Inc. acquired a new stake in Altisource Portfolio Solutions in the fourth quarter worth $700,000. Finally, Vanguard Group Inc. raised its holdings in Altisource Portfolio Solutions by 41.7% in the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after purchasing an additional 110,888 shares during the period. Institutional investors and hedge funds own 41.36% of the company’s stock.

About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.

Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.