Aspen Group (NASDAQ:ASPU) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Aspen Group (NASDAQ:ASPU) from a strong sell rating to a hold rating in a research report report published on Monday, Zacks.com reports. Zacks Investment Research currently has $7.50 price target on the technology company’s stock.

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. “

ASPU has been the topic of a number of other reports. Roth Capital set a $10.00 target price on Aspen Group and gave the stock a buy rating in a report on Wednesday, September 4th. Lake Street Capital set a $10.00 target price on Aspen Group and gave the stock a buy rating in a report on Tuesday, September 10th. Northland Securities assumed coverage on Aspen Group in a report on Monday, November 4th. They issued an outperform rating and a $10.00 target price on the stock. ValuEngine lowered Aspen Group from a strong-buy rating to a buy rating in a research note on Friday, October 25th. Finally, Canaccord Genuity assumed coverage on Aspen Group in a research note on Monday, September 9th. They issued a buy rating and a $8.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Aspen Group currently has a consensus rating of Buy and a consensus target price of $9.10.

Shares of Aspen Group stock opened at $6.92 on Monday. Aspen Group has a one year low of $3.58 and a one year high of $7.09. The stock’s fifty day moving average is $5.75 and its 200 day moving average is $4.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.68.

Aspen Group (NASDAQ:ASPU) last announced its earnings results on Monday, September 9th. The technology company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03). Aspen Group had a negative return on equity of 31.68% and a negative net margin of 22.92%. The company had revenue of $10.36 million during the quarter, compared to the consensus estimate of $10.06 million. On average, equities analysts expect that Aspen Group will post -0.28 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC increased its stake in Aspen Group by 15.7% in the 2nd quarter. FNY Investment Advisers LLC now owns 18,464 shares of the technology company’s stock worth $70,000 after buying an additional 2,500 shares in the last quarter. Penbrook Management LLC increased its stake in Aspen Group by 5.0% in the 2nd quarter. Penbrook Management LLC now owns 107,930 shares of the technology company’s stock worth $410,000 after buying an additional 5,150 shares in the last quarter. Connors Investor Services Inc. increased its stake in Aspen Group by 17.0% in the 3rd quarter. Connors Investor Services Inc. now owns 41,200 shares of the technology company’s stock worth $214,000 after buying an additional 6,000 shares in the last quarter. Falcon Point Capital LLC increased its stake in Aspen Group by 9.2% in the 2nd quarter. Falcon Point Capital LLC now owns 90,754 shares of the technology company’s stock worth $345,000 after buying an additional 7,636 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Aspen Group by 13.6% in the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock worth $477,000 after buying an additional 14,972 shares in the last quarter. Institutional investors and hedge funds own 29.80% of the company’s stock.

Aspen Group Company Profile

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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