Altisource Portfolio Solutions S.A (NDAQ:ASPS) Rating Cut
Northland Capital lowered the shares of Altisource Portfolio Solutions S.A (NDAQ:ASPS) from a “Outperform” rating to “Market Perform” rating in analysts note sent to investors and clients on 2 May.
According to data compiled by Thomson Reuters, Altisource Portfolio Solutions S.A (NDAQ:ASPS)’s stock is covered by 3 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $30.33, which reflects an upside potential of 47.30% over the current price.
Omega Advisors Inc. had the biggest stake with ownership of 2.22 million shares as of Q2 2015 for 2.22% of the US equity exposure. Investment Management Of Virginia Llc is another quite bullish active investment manager who is having 276,867 shares of Altisource Portfolio Solutions S.A. or 2.2% of their US equity exposure. Also, Cqs Cayman Lp have 1.02% of their US equity exposure invested in the company for 375,000 shares. The California-based fund Globeflex Capital L P disclosed it had acquired so far a stake worth about 0.35% of the active investment manager’s stock portfolio in Altisource Portfolio Solutions S.A.. The New York-based fund Lucus Advisors Llc is also positive about the stock, possessing 43,792 shares or 0.34% of their US equity exposure.
Altisource Portfolio Solutions S.A (NDAQ:ASPS) Profile
Altisource Portfolio Solutions S.A. 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. It operates through three segments: Mortgage Services, Financial Services and Technology Services.
Altisource Portfolio Solutions S.A (NDAQ:ASPS) traded down -11.71% on 2 May, hitting $20.59. A total of 1.47 million shares of the company’s stock traded hands. This is up from average of 1.01 million shares. Altisource Portfolio Solutions S.A. has a 52 week low of $20.41 and a 52 week high of $46.99. The company has a market cap of $400.66 million and a P/E ratio of 25.28.
Get the latest Altisource Portfolio Solutions S.A (NDAQ:ASPS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Altisource Portfolio Solutions S.A (NDAQ:ASPS) Losses “Outperform” Rating from Northland Capital for “Market Perform” appeared first on Octafinance.