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

Key Points

• Altisource Portfolio Solutions' stock has been reaffirmed with a "Sell (D-)" rating by Weiss Ratings, indicating continued concerns about the company's performance.
• Despite the negative rating from Weiss, Wall Street Zen upgraded the stock from a "hold" to a "buy" rating, showcasing differing sentiments in the market.
• The company's market capitalization is $128.45 million, with shares trading at $11.69 and having a 52-week range between $3.46 and $15.96.

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

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

Altisource Portfolio Solutions Trading Up 1.5%

ASPS stock traded up $0.18 during trading on Friday, hitting $11.69. 9,238 shares of the company's stock were exchanged, compared to its average volume of 26,534. The business has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $9.80. The stock has a market capitalization of $128.45 million, a price-to-earnings ratio of -2.63 and a beta of 0.37. Altisource Portfolio Solutions has a 52-week low of $3.46 and a 52-week high of $15.96.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd grew its holdings in Altisource Portfolio Solutions by 306.4% during the first quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after acquiring an additional 60,933 shares during the period. Jefferies Financial Group Inc. acquired a new position in Altisource Portfolio Solutions during the first quarter worth $214,000. Nantahala Capital Management LLC grew its holdings in Altisource Portfolio Solutions by 16.4% during the first 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Altisource Portfolio Solutions during the first quarter worth $13,442,000. Institutional investors and hedge funds own 41.36% of the company's stock.

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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