Zacks Investment Research upgraded shares of Aspen Group (NASDAQ:ASPU) from a sell rating to a hold rating in a research note published 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. “
Several other analysts also recently commented on ASPU. Taglich Brothers reaffirmed a speculative buy rating on shares of Aspen Group in a research report on Tuesday, December 19th. Roth Capital raised their price objective on shares of Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a research report on Thursday, December 14th.
Aspen Group (NASDAQ:ASPU) last announced its quarterly earnings data on Wednesday, December 13th. The technology company reported ($0.04) EPS for the quarter, missing the 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%. equities analysts forecast that Aspen Group will post -0.33 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. P.A.W. Capital Corp acquired a new stake in Aspen Group in the 3rd quarter valued at $1,570,000. Royce & Associates LP acquired a new stake in Aspen Group in the 3rd quarter valued at $553,000. Finally, Unterberg Capital LLC acquired a new stake in Aspen Group in the 3rd quarter valued at $2,355,000. 5.92% of the stock is owned by institutional investors and hedge funds.
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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