Trek Financial LLC recently announced the acquisition of new stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). The institutional investor has increased its shareholding in the Financial company by 67.93% to 86458.0 shares with purchase of 34973.0 shares. This fresh investment now brings its stake to 0.54% valued currently at $0.82 million. In addition, Citadel Advisors LLC raised its holdings by 38240.0 to 47569.0 shares. And Diametric Capital LP has lifted its position by 92.33% or 17904.0 shares – to 37296.0 shares.
With over 0.11 million Altisource Portfolio Solutions S.A. (ASPS) shares trading Monday and a closing price of $7.87 on the day, the dollar volume was approximately $0.9 million. The shares have shown a negative half year performance of -36.89% and its price on 01/23/23 gained nearly 2.21%. Currently, there are 16.09M common shares owned by the public and among those 9.36M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for ASPS have a consensus price objective of $18.00. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $18.00. The average price target is 56.28% above its recent price level and an upside to the estimated low will see the stock gain 56.28% over that period. But an upside of 56.28% will see the stock hit the forecast high price target while median target price for the stock is $18.00.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 261,336 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 122,606 shares.
The top 3 mutual fund holders in Altisource Portfolio Solutions S.A. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.2 million shares of the company’s stock, all valued at over $1.85 million. Vanguard Extended Market Index Fu bought 192.0 shares to see its total holdings expand to 0.13 million shares valued at over $1.2 million and representing 0.78% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.29% of the shares outstanding.
Shares of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) opened at $7.71, up $0.01 from a prior closing price of $7.70. However, the script later moved the day high at 7.96, up 2.21%. The company’s stock has a 5-day price change of 1.68% and -30.78% over the past three months. ASPS shares are trading -16.81% year to date (YTD), with the 12-month market performance down to -30.96% lower. It has a 12-month low price of $7.28 and touched a high of $17.67 over the same period. ASPS has an average intraday trading volume of 131.92K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.51%, -35.36%, and -31.99% respectively.
Institutional ownership of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) shares accounts for 33.90% of the company’s 16.09M shares outstanding. Mutual fund holders own 7.27%, while other institutional holders and individual stakeholders account for 93.75% and 3.02% respectively.
It has a market capitalization of $123.24M and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 4.99, while the earnings-per-share (ttm) stands at $1.58. The company has a PEG of 0.25 and a Quick Ratio of 2.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.35% over the week and 6.80% over the month.
Analysts forecast that Altisource Portfolio Solutions S.A. (ASPS) will achieve an EPS of -$0.48 for the current quarter, -$0.47 for the next quarter and $1.18 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.53 while analysts give the company a high EPS estimate of -$0.44. Comparatively, EPS for the current quarter was -$0.8 a year ago. Earnings per share for the fiscal year are expected to increase by 117.10%, and 152.50% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -12.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Altisource Portfolio Solutions S.A. (ASPS) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ASPS, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on January 31, 2020, with the firm’s price target at $30. Compass Point was of a view on August 10, 2016 that the stock is Buy, while Piper Jaffray gave the stock Underweight rating on May 02, 2016, issuing a price target of $24- $16. Piper Jaffray on their part issued Neutral rating on December 11, 2015.
