Zacks Investment Research upgraded shares of Aspen Group (NASDAQ:ASPU) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Aspen Group, Inc. is an online post-secondary education company. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in a range of areas, including business and organization management, education, nursing, information technology, and general studies. Aspen Group, Inc. is headquartered in Denver, Colorado. “
Other equities research analysts have also recently issued research reports about the stock. Roth Capital lifted their target price on shares of Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a research note on Thursday, December 14th. ValuEngine raised shares of Aspen Group from a hold rating to a buy rating in a research note on Monday, April 2nd. Craig Hallum initiated coverage on shares of Aspen Group in a research note on Monday, February 12th. They set a buy rating and a $12.00 target price on the stock. Finally, Taglich Brothers reaffirmed a speculative buy rating on shares of Aspen Group in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $10.75.
Shares of ASPU opened at $7.00 on Wednesday. Aspen Group has a 52-week low of $3.92 and a 52-week high of $9.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $110.18, a price-to-earnings ratio of -70.00 and a beta of 0.75.
Aspen Group (NASDAQ:ASPU) last announced its earnings results on Thursday, March 15th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.04. Aspen Group had a negative net margin of 21.59% and a negative return on equity of 35.74%. The company had revenue of $5.70 million for the quarter, compared to analysts’ expectations of $5.74 million. analysts forecast that Aspen Group will post -0.31 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Aspen Group stock. Royce & Associates LP bought a new position in shares of Aspen Group (NASDAQ:ASPU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 87,980 shares of the technology company’s stock, valued at approximately $553,000. Royce & Associates LP owned about 0.65% of Aspen Group as of its most recent SEC filing. 7.00% of the stock is currently owned by institutional investors.
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About Aspen Group
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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