Altisource Portfolio Solutions (ASPS) Earns News Impact Score of 0.21
Press coverage about Altisource Portfolio Solutions (NASDAQ:ASPS) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altisource Portfolio Solutions earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.9130376646065 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Altisource Portfolio Solutions (NASDAQ:ASPS) Stock Closed -13.0% Below Its 50 Day Moving Average (highlightpress.com)
- Altisource Portfolio Solutions SA (wisdomsave.com)
- Altisource Portfolio Solutions S.A. (ASPS) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Altisource Portfolio Solutions S.A. (ASPS) Raised to C- at TheStreet (americanbankingnews.com)
- Analyzing HFF (HF) and Altisource Portfolio Solutions (ASPS) (americanbankingnews.com)
Shares of Altisource Portfolio Solutions (NASDAQ ASPS) traded up 1.96% during mid-day trading on Friday, hitting $20.77. The stock had a trading volume of 158,017 shares. The stock has a market cap of $374.86 million, a price-to-earnings ratio of 68.77 and a beta of 0.75. Altisource Portfolio Solutions has a 12-month low of $16.17 and a 12-month high of $46.99. The firm’s 50-day moving average price is $22.90 and its 200 day moving average price is $25.17.
Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.19. The company had revenue of $250.69 million during the quarter, compared to the consensus estimate of $239.30 million. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. Equities analysts forecast that Altisource Portfolio Solutions will post $2.83 EPS for the current fiscal year.
ASPS has been the subject of several research analyst reports. 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. BidaskClub lowered Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. TheStreet upgraded Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Northland Securities restated a “hold” rating and issued a $23.00 price objective on shares of Altisource Portfolio Solutions in a report on Friday, August 11th. Finally, Compass Point upgraded Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and upped their price objective for the company from $7.00 to $15.00 in a report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.33.
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About Altisource Portfolio Solutions
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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