Altisource Portfolio Solutions (NASDAQ:ASPS) Given Buy Rating at B. Riley Financial

Altisource Portfolio Solutions (NASDAQ:ASPS)‘s stock had its “buy” rating reiterated by analysts at B. Riley Financial in a note issued to investors on Thursday,Benzinga reports. They presently have a $8.00 price objective on the business services provider’s stock. B. Riley Financial’s price objective indicates a potential upside of 24.42% from the company’s previous close.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Altisource Portfolio Solutions in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Altisource Portfolio Solutions Stock Performance

Altisource Portfolio Solutions stock opened at $6.43 on Thursday. The firm has a market capitalization of $72.53 million, a PE ratio of -53.58 and a beta of 0.18. The stock’s 50 day moving average price is $6.18 and its 200 day moving average price is $8.12. Altisource Portfolio Solutions has a one year low of $4.30 and a one year high of $15.96.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter. The firm had revenue of $42.34 million during the quarter. Altisource Portfolio Solutions had a negative return on equity of 0.45% and a net margin of 0.94%.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Altisource Portfolio Solutions in the first quarter worth $13,442,000. Vanguard Group Inc. raised its holdings in Altisource Portfolio Solutions by 41.7% in the 3rd quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after acquiring an additional 110,888 shares during the period. Potomac Capital Management Inc. acquired a new position in Altisource Portfolio Solutions during the 4th quarter worth $700,000. XTX Topco Ltd acquired a new position in Altisource Portfolio Solutions during the 3rd quarter worth $589,000. Finally, Millennium Management LLC bought a new stake in Altisource Portfolio Solutions during the third quarter valued at about $141,000. 41.36% of the stock is owned by institutional investors and hedge funds.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.

Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.