BidaskClub upgraded shares of Altisource Portfolio Solutions (NASDAQ:ASPS) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday.

A number of other brokerages have also issued reports on ASPS. Zacks Investment Research lowered Altisource Portfolio Solutions from a hold rating to a sell rating in a research report on Wednesday, November 1st. Northland Securities reaffirmed a hold rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. Three analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $22.33.

Shares of Altisource Portfolio Solutions (NASDAQ ASPS) opened at $28.87 on Wednesday. The stock has a market capitalization of $538.22, a P/E ratio of 262.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.01. The company has a debt-to-equity ratio of 6.46, a current ratio of 2.57 and a quick ratio of 2.57. Altisource Portfolio Solutions has a 12-month low of $16.17 and a 12-month high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The company had revenue of $235.00 million for the quarter, compared to analyst estimates 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 previous year, the company earned $0.54 earnings per share. equities research analysts expect that Altisource Portfolio Solutions will post 2.72 EPS for the current year.

In other Altisource Portfolio Solutions news, CFO Indroneel Chatterjee bought 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average price of $26.32 per share, with a total value of $31,584.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Deer Park Road Management Comp bought 40,741 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of $24.58 per share, for a total transaction of $1,001,413.78. The disclosure for this purchase can be found here. Insiders have bought 84,683 shares of company stock worth $2,117,219 in the last ninety days. Corporate insiders own 6.75% of the company’s stock.

A number of large investors have recently bought and sold shares of ASPS. GLG Partners LP purchased a new position in Altisource Portfolio Solutions in the second quarter valued at $3,585,000. Vanguard Group Inc. boosted its stake in Altisource Portfolio Solutions by 8.3% in the second quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock valued at $20,463,000 after acquiring an additional 72,193 shares in the last quarter. Balyasny Asset Management LLC boosted its stake in Altisource Portfolio Solutions by 185.7% in 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 acquiring an additional 65,000 shares in the last quarter. Laurel Wealth Advisors Inc. acquired a new position in Altisource Portfolio Solutions in the second quarter valued at $1,287,000. Finally, People s United Financial Inc. boosted its stake in Altisource Portfolio Solutions by 186.1% in 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 acquiring an additional 52,176 shares in the last quarter. 53.55% of the stock is currently owned by hedge funds and other institutional investors.

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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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