Altisource Portfolio Solutions S.A. (ASPS) Social Stream

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$ASPS
Market Price - $9.31 (up 48% since last alert)
Average Hold - $7.38
Accumulate - Sub $7
Price Target - $15
Estimated Time Hold - 3Q
Support - $6, $12, $18.75
Floor - $5.61
Double Down Target - Sub $5.75
Option - N/A
Micro DD - June 23rd signed an agreement with STS Mater Fund, Ltd. (the “Lender”), an investment fund managed by Deer Park Road Management Company, on June 22, 2021 providing Altisource with a revolving line of credit for general corporate purposes. The term of the Credit Agreement is three years. Our Origination business continued its year-over-year growth with second quarter revenue of $14.5 million, representing 16% growth compared to the second quarter of 2020, outpacing the estimated 13% growth in the overall origination market during the same period.