Altisource Portfolio Solutions (NASDAQ:ASPS) Stock Crosses Above Two Hundred Day Moving Average - What's Next?
Altisource Portfolio Solutions (NASDAQ:ASPS) stock has crossed above its 200-day moving average, trading at $11.68 after reaching a high of $12.24. Analysts have downgraded the stock to a "hold" and reaffirmed a "sell" rating, with a consensus rating of "sell". The company reported $0.14 EPS and $40.79 million in revenue for the last quarter. Institutional investors hold 41.36% of the stock, with significant recent activity from hedge funds. Despite the stock's recent rise, analysts suggest looking at other investment opportunities.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.83 and traded as high as $12.24. Altisource Portfolio Solutions shares last traded at $11.68, with a volume of 13,330 shares traded.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Altisource Portfolio Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Altisource Portfolio Solutions in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".
Get Our Latest Research Report on ASPS
Altisource Portfolio Solutions Trading Up 1.5%
The stock has a market cap of $128.33 million, a PE ratio of -6.02 and a beta of 0.37. The business has a 50-day moving average price of $11.68 and a 200-day moving average price of $9.83.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $40.79 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in ASPS. XTX Topco Ltd lifted 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 buying an additional 60,933 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Altisource Portfolio Solutions in the 1st quarter valued at $214,000. Nantahala Capital Management LLC lifted its holdings in Altisource Portfolio Solutions by 16.4% in the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock valued at $1,687,000 after purchasing an additional 349,028 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Altisource Portfolio Solutions in the 1st quarter valued at $13,442,000. Hedge funds and other institutional investors own 41.36% of the company's stock.
Altisource Portfolio Solutions Company Profile
(Get Free Report)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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