Aspen Group (NASDAQ:ASPU) Announces Quarterly Earnings Results

Aspen Group (NASDAQ:ASPU) issued its earnings results on Monday. The technology company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. Aspen Group had a negative return on equity of 16.57% and a negative net margin of 15.40%. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

Shares of Aspen Group stock traded up $0.27 on Wednesday, reaching $5.63. 11,797 shares of the company’s stock were exchanged, compared to its average volume of 239,202. The company has a market capitalization of $141.13 million, a P/E ratio of -11.63 and a beta of 0.65. Aspen Group has a 52 week low of $4.70 and a 52 week high of $12.80. The firm’s 50-day moving average is $6.17 and its two-hundred day moving average is $6.22.

ASPU has been the topic of several research reports. Zacks Investment Research upgraded Aspen Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 20th. Northland Securities initiated coverage on Aspen Group in a report on Wednesday, July 14th. They set a “buy” rating and a $12.00 price target on the stock. Canaccord Genuity reduced their price target on Aspen Group from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 14th. Craig Hallum reduced their price target on Aspen Group from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $13.00 target price on shares of Aspen Group in a report on Thursday, June 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Aspen Group currently has an average rating of “Buy” and a consensus target price of $12.13.

In other Aspen Group news, CEO Michael Mathews purchased 10,000 shares of the business’s stock in a transaction on Thursday, July 15th. The shares were purchased at an average cost of $5.77 per share, for a total transaction of $57,700.00. Following the acquisition, the chief executive officer now owns 892,946 shares of the company’s stock, valued at $5,152,298.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Aspen Group stock. Citadel Advisors LLC purchased a new stake in Aspen Group, Inc. (NASDAQ:ASPU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,075 shares of the technology company’s stock, valued at approximately $280,000. Citadel Advisors LLC owned about 0.17% of Aspen Group at the end of the most recent quarter. Institutional investors own 53.79% of the company’s stock.

About Aspen Group

Aspen Group, Inc is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.

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Earnings History for Aspen Group (NASDAQ:ASPU)

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