Recent Analysts’ Ratings Changes for Altisource Portfolio Solutions (ASPS)

Recent Analysts’ Ratings Changes for Altisource Portfolio Solutions (ASPS)

Several analysts have recently updated their ratings and price targets for Altisource Portfolio Solutions (NASDAQ: ASPS):

10/3/2018 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

10/1/2018 – 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. “

9/27/2018 – Altisource Portfolio Solutions was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

9/24/2018 – 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. “

9/18/2018 – 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. “

9/13/2018 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

9/10/2018 – 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. “

8/30/2018 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

8/27/2018 – 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. “

8/21/2018 – 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. “

8/17/2018 – Altisource Portfolio Solutions was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.

8/13/2018 – 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. “

ASPS stock traded down $0.58 during midday trading on Tuesday, hitting $31.44. The stock had a trading volume of 22,600 shares, compared to its average volume of 125,582. The firm has a market cap of $549.23 million, a price-to-earnings ratio of 11.23 and a beta of 0.95. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.13. Altisource Portfolio Solutions S.A. has a 1-year low of $23.18 and a 1-year high of $37.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Thursday, July 26th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $218.56 million during the quarter, compared to analyst estimates of $225.00 million. Altisource Portfolio Solutions had a net margin of 34.66% and a return on equity of 12.90%. Altisource Portfolio Solutions’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. Research analysts expect that Altisource Portfolio Solutions S.A. will post 0.21 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ASPS. Schwab Charles Investment Management Inc. lifted its holdings in Altisource Portfolio Solutions by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 152,931 shares of the business services provider’s stock valued at $4,062,000 after buying an additional 9,544 shares during the period. Deer Park Road Corp raised its holdings in shares of Altisource Portfolio Solutions by 41.0% during the first quarter. Deer Park Road Corp now owns 2,945,127 shares of the business services provider’s stock valued at $78,223,000 after purchasing an additional 856,628 shares during the period. A.R.T. Advisors LLC acquired a new position in shares of Altisource Portfolio Solutions during the first quarter valued at about $230,000. Element Capital Management LLC acquired a new position in shares of Altisource Portfolio Solutions during the first quarter valued at about $472,000. Finally, Jane Street Group LLC acquired a new position in shares of Altisource Portfolio Solutions during the first quarter valued at about $2,533,000. Institutional investors and hedge funds own 71.17% of the company’s stock.

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. 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, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.

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