Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has received a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.50.

A number of equities analysts have issued reports on ASPS shares. BidaskClub downgraded Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Compass Point upgraded Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $7.00 to $15.00 in a report on Tuesday, July 25th. ValuEngine upgraded Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, August 11th. Finally, Northland Securities reiterated a “hold” rating and issued a $23.00 price objective on shares of Altisource Portfolio Solutions in a report on Friday, August 11th.

In related news, major shareholder Deer Park Road Management Comp bought 40,741 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of $24.58 per share, with a total value of $1,001,413.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Indroneel Chatterjee bought 1,200 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $26.32 per share, for a total transaction of $31,584.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 66,941 shares of company stock worth $1,591,498. Insiders own 6.75% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASPS. GLG Partners LP purchased a new stake in shares of Altisource Portfolio Solutions during the second quarter valued at $3,585,000. Vanguard Group Inc. boosted its position in shares of Altisource Portfolio Solutions by 8.3% during the second quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock valued at $20,463,000 after buying an additional 72,193 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of Altisource Portfolio Solutions by 185.7% during the second quarter. Balyasny Asset Management LLC now owns 100,000 shares of the business services provider’s stock valued at $2,182,000 after buying an additional 65,000 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new stake in shares of Altisource Portfolio Solutions during the second quarter valued at $1,287,000. Finally, People s United Financial Inc. boosted its position in shares of Altisource Portfolio Solutions by 186.1% during the second quarter. People s United Financial Inc. now owns 80,210 shares of the business services provider’s stock valued at $1,750,000 after buying an additional 52,176 shares during the last quarter. 55.04% of the stock is currently owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions (NASDAQ:ASPS) opened at $25.63 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 6.46. The stock has a market capitalization of $458.90, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. Altisource Portfolio Solutions has a twelve month low of $16.17 and a twelve month high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. The business had revenue of $235.00 million during the quarter, compared to the consensus estimate of $215.40 million. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. equities analysts forecast that Altisource Portfolio Solutions will post 2.72 EPS for the current year.

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Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

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