Canaccord Genuity Boosts Aspen Group (NASDAQ:ASPU) Price Target to $11.00

Aspen Group (NASDAQ:ASPU) had its price target boosted by Canaccord Genuity from $9.00 to $11.00 in a research report released on Wednesday morning, BenzingaRatingsTable reports. Canaccord Genuity currently has a buy rating on the technology company’s stock.

A number of other research analysts have also commented on the company. ValuEngine lowered Aspen Group from a strong-buy rating to a buy rating in a report on Friday, October 25th. 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. Northland Securities began coverage on shares of Aspen Group in a research report on Monday, November 4th. They issued an outperform rating and a $10.00 target price for the company. Zacks Investment Research upgraded shares of Aspen Group from a strong sell rating to a hold rating and set a $7.50 price target on the stock in a research note on Monday, November 11th. Finally, Lake Street Capital set a $10.00 price target on shares of Aspen Group and gave the stock a buy rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Aspen Group has a consensus rating of Buy and an average price target of $9.70.

Shares of ASPU traded up $0.04 during mid-day trading on Wednesday, reaching $7.54. The company’s stock had a trading volume of 2,143 shares, compared to its average volume of 55,403. Aspen Group has a 1-year low of $3.58 and a 1-year high of $8.00. The stock has a market cap of $143.25 million, a P/E ratio of -15.29 and a beta of 0.91. The business has a 50-day simple moving average of $6.69 and a two-hundred day simple moving average of $5.06. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.68.

Aspen Group (NASDAQ:ASPU) last released its quarterly earnings data on Tuesday, December 10th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. Aspen Group had a negative return on equity of 31.68% and a negative net margin of 22.92%. The company had revenue of $12.09 million during the quarter, compared to analysts’ expectations of $11.61 million. Research analysts anticipate that Aspen Group will post -0.28 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Connors Investor Services Inc. boosted its holdings 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 valued at $214,000 after purchasing an additional 6,000 shares during the period. Penbrook Management LLC boosted its holdings in Aspen Group by 20.5% in the 3rd quarter. Penbrook Management LLC now owns 130,010 shares of the technology company’s stock valued at $674,000 after purchasing an additional 22,080 shares during the period. O Brien Greene & Co. Inc boosted its holdings in Aspen Group by 18.2% in the 2nd quarter. O Brien Greene & Co. Inc now owns 130,000 shares of the technology company’s stock valued at $494,000 after purchasing an additional 20,000 shares during the period. BlackRock Inc. boosted its holdings in Aspen Group by 13.6% in the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock valued at $477,000 after purchasing an additional 14,972 shares during the period. Finally, Penn Capital Management Co. Inc. boosted its holdings in Aspen Group by 15.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 615,034 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 84,177 shares during the period. 28.75% of the stock is owned by hedge funds and other institutional investors.

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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