Aspen Group (NASDAQ:ASPU) Issues Quarterly Earnings Results

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

Shares of ASPU stock opened at $5.36 on Wednesday. Aspen Group has a 52 week low of $4.70 and a 52 week high of $12.80. The company’s 50 day moving average price is $6.17 and its two-hundred day moving average price is $6.22. The company has a market capitalization of $134.36 million, a P/E ratio of -12.47 and a beta of 0.65.

In related news, CEO Michael Mathews acquired 10,000 shares of the stock in a transaction dated Thursday, July 15th. The stock was bought at an average price of $5.77 per share, with a total value of $57,700.00. Following the completion of the transaction, the chief executive officer now directly owns 892,946 shares of the company’s stock, valued at $5,152,298.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.30% of the stock is owned by corporate insiders.

An institutional investor recently raised its position in Aspen Group stock. Royal Bank of Canada raised its holdings in shares of Aspen Group, Inc. (NASDAQ:ASPU) by 193.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,913 shares of the technology company’s stock after acquiring an additional 2,579 shares during the quarter. Royal Bank of Canada’s holdings in Aspen Group were worth $26,000 at the end of the most recent reporting period. 53.79% of the stock is currently owned by institutional investors.

ASPU has been the subject of a number of analyst reports. Northland Securities started coverage on shares of Aspen Group in a report on Wednesday, July 14th. They set a “buy” rating and a $12.00 target price for the company. Craig Hallum reaffirmed a “buy” rating and set a $14.00 price objective on shares of Aspen Group in a research note on Thursday, June 17th. Canaccord Genuity cut their target price on Aspen Group from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 14th. Lake Street Capital restated a “buy” rating and set a $13.00 target price on shares of Aspen Group in a research report on Thursday, June 17th. Finally, Zacks Investment Research upgraded shares of Aspen Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aspen Group has a consensus rating of “Buy” and a consensus price target of $12.79.

Aspen Group Company Profile

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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