Buy gold, crypto and China, tread carefully on rich U.S. tech: BofA’s Hartnett
Michelle Esterman, the Chief Financial Officer of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), recently acquired a significant amount of the company’s common stock. According to InvestingPro data, this insider purchase comes as the stock trades near $0.66, down 64% over the past year, with a market capitalization of approximately $58 million. On March 28, Esterman purchased 210,498 shares at a price of $0.48 per share, totaling approximately $101,039. This transaction was part of a private purchase agreement executed on March 26, 2025. Following this acquisition, Esterman’s direct ownership of Altisource’s common stock amounts to 662,250 shares, which includes 180,479 restricted stock units (RSUs). InvestingPro analysis reveals management has been actively buying back shares, though the company operates with a significant debt burden. Discover 15+ additional exclusive ProTips and comprehensive insider trading analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Altisource Portfolio Solutions S.A. reported its fourth-quarter 2024 financial results, exceeding earnings per share (EPS) expectations but falling short on revenue. The company posted an EPS of -$0.18, surpassing the forecasted -$0.24, while revenue reached $38.4 million, missing the $43.85 million forecast. Despite the revenue shortfall, Altisource achieved its highest quarterly service revenue since the third quarter of 2021 and reduced its debt from $233 million to $172.5 million. Additionally, Altisource regained compliance with Nasdaq’s minimum market value requirement, ensuring its continued listing on the Nasdaq Global Select Market.
The company also announced the expansion of its Hubzu online real estate marketplace into the commercial real estate sector, aiming to streamline the buying and selling process for commercial properties. This move is designed to optimize transactions for both buyers and sellers, leveraging Hubzu’s experience in residential property sales. Furthermore, Altisource’s new product launches in its construction and LendersOne businesses have achieved $1 million in monthly revenue, contributing to the company’s growth initiatives.
Altisource projects 2025 service revenue to be between $165 million and $185 million, with adjusted EBITDA expected to range from $18 million to $23 million. The company’s CEO, Bill Shepro, emphasized the successful launch of new products and expressed confidence in the company’s ability to diversify its revenue base while maintaining cost discipline. These developments highlight Altisource’s strategic focus on expanding its market presence and enhancing financial performance.
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