Shares of Aspen Group Inc. (NASDAQ:ASPU) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. Aspen Group’s rating score has improved by 33.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price objective of $8.98 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Aspen Group an industry rank of 117 out of 265 based on the ratings given to its competitors.
A number of brokerages recently weighed in on ASPU. Zacks Investment Research upgraded shares of Aspen Group from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Roth Capital began coverage on shares of Aspen Group in a report on Friday, October 6th. They set a “buy” rating and a $10.00 target price for the company.
A number of institutional investors have recently bought and sold shares of ASPU. Unterberg Capital LLC acquired a new position in Aspen Group in the 3rd quarter worth approximately $2,355,000. P.A.W. Capital Corp acquired a new position in Aspen Group in the 3rd quarter worth approximately $1,570,000. Finally, Royce & Associates LP acquired a new position in Aspen Group in the 3rd quarter worth approximately $553,000. 6.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Aspen Group (ASPU) traded up $0.35 during trading hours on Friday, reaching $8.50. 40,247 shares of the company were exchanged, compared to its average volume of 18,601. Aspen Group has a 1 year low of $2.76 and a 1 year high of $9.25. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.55.
Aspen Group (NASDAQ:ASPU) last issued its earnings results on Thursday, September 14th. The technology company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). The business had revenue of $4.24 million for the quarter, compared to the consensus estimate of $4.11 million. Aspen Group had a negative return on equity of 29.44% and a negative net margin of 8.69%. sell-side analysts anticipate that Aspen Group will post -0.15 EPS for the current year.
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Aspen Group Company Profile
Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).
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