Aspen Group (ASPU) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Aspen Group (NASDAQ:ASPU) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
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. “
A number of other equities analysts have also recently issued reports on the company. Taglich Brothers restated a speculative buy rating on shares of Aspen Group in a report on Tuesday, December 19th. Roth Capital increased their price target on Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a report on Thursday, December 14th.
Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings results on Wednesday, December 13th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Aspen Group had a negative return on equity of 32.02% and a negative net margin of 11.48%. equities research analysts expect that Aspen Group will post -0.33 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the business. Unterberg Capital LLC bought a new position in shares of Aspen Group during the 3rd quarter worth approximately $2,355,000. P.A.W. Capital Corp bought a new position in shares of Aspen Group during the 3rd quarter worth approximately $1,570,000. Finally, Royce & Associates LP boosted its holdings in shares of Aspen Group by 60.9% during the 4th quarter. Royce & Associates LP now owns 141,520 shares of the technology company’s stock worth $1,262,000 after buying an additional 53,540 shares in the last quarter. Hedge funds and other institutional investors own 5.92% of the company’s stock.
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Aspen Group Company Profile
Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).
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