Zacks Investment Research lowered shares of Aspen Group (NASDAQ:ASPU) from a hold rating to a sell rating in a research report sent to investors on Thursday.

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. “

Several other research analysts have also recently issued reports on ASPU. Craig Hallum initiated coverage on Aspen Group in a research note on Monday, February 12th. They issued a buy rating and a $12.00 price target for the company. Taglich Brothers reissued a speculative buy rating on shares of Aspen Group in a research note on Tuesday, December 19th. Finally, Roth Capital increased their price target on Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a research note on Thursday, December 14th.

Shares of Aspen Group (ASPU) opened at $7.49 on Thursday. Aspen Group has a 52-week low of $3.54 and a 52-week high of $9.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.12 and a quick ratio of 3.12.

Aspen Group (NASDAQ:ASPU) last issued its earnings results on Wednesday, December 13th. The technology company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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%. The company had revenue of $4.85 million during the quarter, compared to analyst estimates of $4.87 million. equities research analysts anticipate that Aspen Group will post -0.35 EPS for the current year.

A hedge fund recently raised its stake in Aspen Group stock. Royce & Associates LP lifted its holdings in Aspen Group Inc (NASDAQ:ASPU) by 60.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 141,520 shares of the technology company’s stock after purchasing an additional 53,540 shares during the quarter. Royce & Associates LP owned 0.94% of Aspen Group worth $1,262,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 7.00% of the company’s stock.

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About Aspen Group

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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