Altisource Portfolio Solutions (ASPS) – Research Analysts’ Weekly Ratings Updates

Altisource Portfolio Solutions (NASDAQ: ASPS) recently received a number of ratings updates from brokerages and research firms:

  • 6/17/2019 – Altisource Portfolio Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 6/13/2019 – Altisource Portfolio Solutions was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/10/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 6/7/2019 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/3/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/28/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/20/2019 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/20/2019 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/8/2019 – Altisource Portfolio Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/2/2019 – Altisource Portfolio Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
  • 5/1/2019 – Altisource Portfolio Solutions was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Altisource Portfolio Solutions stock opened at $18.50 on Wednesday. The firm has a market cap of $306.53 million, a price-to-earnings ratio of -57.81 and a beta of 1.09. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.09. Altisource Portfolio Solutions S.A. has a 52-week low of $18.40 and a 52-week high of $37.86. The firm’s 50-day moving average price is $21.00.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). The business had revenue of $169.90 million during the quarter, compared to analyst estimates of $167.20 million. Altisource Portfolio Solutions had a negative return on equity of 1.44% and a negative net margin of 0.55%. The firm’s revenue was down 13.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) EPS. On average, equities research analysts predict that Altisource Portfolio Solutions S.A. will post -0.2 EPS for the current year.

In related news, Director W Michael Linn sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the director now directly owns 19,147 shares of the company’s stock, valued at approximately $478,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.44% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Laurel Wealth Advisors Inc. raised its stake in shares of Altisource Portfolio Solutions by 1.4% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 75,463 shares of the business services provider’s stock valued at $1,786,000 after acquiring an additional 1,065 shares in the last quarter. Bank of New York Mellon Corp increased its position in Altisource Portfolio Solutions by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 46,987 shares of the business services provider’s stock worth $1,056,000 after buying an additional 1,090 shares during the period. BNP Paribas Arbitrage SA increased its position in Altisource Portfolio Solutions by 274.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,945 shares of the business services provider’s stock worth $46,000 after buying an additional 1,426 shares during the period. Brandywine Global Investment Management LLC increased its position in Altisource Portfolio Solutions by 29.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 8,890 shares of the business services provider’s stock worth $200,000 after buying an additional 2,010 shares during the period. Finally, Two Sigma Advisers LP increased its position in Altisource Portfolio Solutions by 19.1% in the 4th quarter. Two Sigma Advisers LP now owns 20,600 shares of the business services provider’s stock worth $463,000 after buying an additional 3,298 shares during the period. 58.77% of the stock is currently owned by institutional investors and hedge funds.

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.

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