Shares of Aspen Group Inc (NASDAQ:ASPU) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. Aspen Group’s rating score has improved by 24.8% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus target price of $12.13 for the company and are predicting that the company will post ($0.13) earnings per share for the current quarter, according to Zacks. Zacks has also given Aspen Group an industry rank of 104 out of 255 based on the ratings given to its competitors.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Aspen Group from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. ValuEngine raised shares of Aspen Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 23rd.
A number of institutional investors have recently modified their holdings of ASPU. Unterberg Capital LLC grew its stake in Aspen Group by 35.4% during the second quarter. Unterberg Capital LLC now owns 451,909 shares of the technology company’s stock worth $3,376,000 after buying an additional 118,263 shares during the last quarter. P.A.W. Capital Corp lifted its position in shares of Aspen Group by 12.2% during the second quarter. P.A.W. Capital Corp now owns 230,000 shares of the technology company’s stock worth $1,718,000 after purchasing an additional 25,000 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in shares of Aspen Group during the second quarter worth approximately $561,000. Granite Investment Partners LLC lifted its position in shares of Aspen Group by 74.5% during the second quarter. Granite Investment Partners LLC now owns 76,073 shares of the technology company’s stock worth $569,000 after purchasing an additional 32,476 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Aspen Group during the second quarter worth approximately $2,467,000. 16.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:ASPU traded up $0.12 on Friday, hitting $5.94. 45,173 shares of the company were exchanged, compared to its average volume of 47,412. Aspen Group has a one year low of $5.63 and a one year high of $9.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.80 and a current ratio of 2.81. The company has a market cap of $109.58 million, a price-to-earnings ratio of -15.00 and a beta of 0.69.
Aspen Group (NASDAQ:ASPU) last posted its earnings results on Thursday, September 6th. The technology company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). The business had revenue of $7.22 million during the quarter, compared to the consensus estimate of $7.19 million. Aspen Group had a negative net margin of 36.53% and a negative return on equity of 31.50%. Equities analysts predict that Aspen Group will post -0.42 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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