Shares of Aspen Group Inc (NASDAQ:ASPU) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $9.50 for the company and are anticipating that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Aspen Group an industry rank of 69 out of 256 based on the ratings given to related companies.
A number of equities analysts have recently commented on ASPU shares. ValuEngine cut Aspen Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research raised Aspen Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th.
Several institutional investors have recently made changes to their positions in the business. BlueCrest Capital Management Ltd acquired a new position in shares of Aspen Group in the first quarter valued at about $82,000. Granite Investment Partners LLC lifted its holdings in shares of Aspen Group by 113.6% in the first quarter. Granite Investment Partners LLC now owns 142,603 shares of the technology company’s stock worth $760,000 after acquiring an additional 75,854 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Aspen Group by 8.7% in the 1st quarter. William Blair Investment Management LLC now owns 1,326,961 shares of the technology company’s stock valued at $7,073,000 after buying an additional 106,463 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Aspen Group by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 52,605 shares of the technology company’s stock valued at $280,000 after buying an additional 10,315 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Aspen Group by 183.8% during the 1st quarter. BlackRock Inc. now owns 110,469 shares of the technology company’s stock worth $589,000 after purchasing an additional 71,544 shares during the last quarter. 30.38% of the stock is owned by institutional investors and hedge funds.
ASPU stock opened at $4.19 on Friday. Aspen Group has a fifty-two week low of $3.75 and a fifty-two week high of $8.20. The stock has a market capitalization of $78.14 million, a price-to-earnings ratio of -10.74 and a beta of 0.83.
Aspen Group (NASDAQ:ASPU) last issued its earnings results on Monday, March 11th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The business had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.32 million. Aspen Group had a negative net margin of 36.52% and a negative return on equity of 32.33%. On average, equities research analysts forecast that Aspen Group will post -0.5 EPS for the current year.
About Aspen Group
Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.
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