Altisource Portfolio Solutions' (ASPS) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Altisource Portfolio Solutions (NASDAQ:ASPS) has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating continued concerns about the stock's performance.
• On the other hand, Wall Street Zen recently upgraded the company from a "hold" to a "buy" rating, showcasing contrasting views among analysts about the stock's future prospects.
• Despite trading up to $13.28, the stock has a consensus rating of "Sell," and its market capitalization stands at approximately $145.95 million.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Altisource Portfolio Solutions Price Performance

Shares of NASDAQ ASPS traded up $0.29 during trading on Wednesday, reaching $13.28. 29,640 shares of the stock traded hands, compared to its average volume of 26,808. Altisource Portfolio Solutions has a 52-week low of $3.46 and a 52-week high of $15.96. The company has a 50-day moving average of $11.28 and a 200-day moving average of $9.30. The stock has a market capitalization of $145.95 million, a P/E ratio of -3.05 and a beta of 0.37.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $0.14 EPS for the quarter. The firm had revenue of $40.79 million for the quarter.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd increased its position in shares of Altisource Portfolio Solutions by 306.4% during the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock valued at $55,000 after purchasing an additional 60,933 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Altisource Portfolio Solutions during the 1st quarter worth approximately $214,000. Nantahala Capital Management LLC grew its position in Altisource Portfolio Solutions by 16.4% during the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock worth $1,687,000 after acquiring an additional 349,028 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Altisource Portfolio Solutions during the 1st quarter worth approximately $13,442,000. 41.36% of the stock is currently owned by institutional investors.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.

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