Analysts Set Aspen Group Inc (NASDAQ:ASPU) Target Price at $9.10

Aspen Group Inc (NASDAQ:ASPU) has earned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.10.

A number of research analysts have recently issued reports on ASPU shares. ValuEngine downgraded Aspen Group from a “strong-buy” rating to a “buy” rating in a report on Friday, October 25th. Canaccord Genuity assumed coverage on shares of Aspen Group in a report on Monday, September 9th. They set a “buy” rating and a $8.00 price target on the stock. Roth Capital set a $10.00 price target on shares of Aspen Group and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded shares of Aspen Group from a “strong sell” rating to a “hold” rating and set a $7.50 price objective on the stock in a research report on Monday, November 11th. Finally, Lake Street Capital set a $10.00 target price on shares of Aspen Group and gave the stock a “buy” rating in a report on Tuesday, September 10th.

NASDAQ:ASPU traded up $0.02 on Friday, reaching $6.96. 808 shares of the stock traded hands, compared to its average volume of 73,081. The company has a market capitalization of $135.24 million, a price-to-earnings ratio of -13.96 and a beta of 0.91. 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 has a 12 month low of $3.58 and a 12 month high of $7.44. The company’s fifty day simple moving average is $6.47 and its 200 day simple moving average is $4.95.

Aspen Group (NASDAQ:ASPU) last issued its earnings results on Monday, September 9th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). Aspen Group had a negative return on equity of 31.68% and a negative net margin of 22.92%. The firm had revenue of $10.36 million during the quarter, compared to the consensus estimate of $10.06 million. Equities analysts anticipate that Aspen Group will post -0.28 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in ASPU. FNY Investment Advisers LLC increased its position in shares of Aspen Group by 15.7% during the 2nd quarter. FNY Investment Advisers LLC now owns 18,464 shares of the technology company’s stock valued at $70,000 after purchasing an additional 2,500 shares during the last quarter. Connors Investor Services Inc. raised its position in Aspen Group by 21.4% in the second quarter. Connors Investor Services Inc. now owns 35,200 shares of the technology company’s stock worth $134,000 after acquiring an additional 6,200 shares during the period. Falcon Point Capital LLC boosted its stake in shares of Aspen Group by 9.2% during the 2nd quarter. Falcon Point Capital LLC now owns 90,754 shares of the technology company’s stock worth $345,000 after acquiring an additional 7,636 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Aspen Group by 13.6% during the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock worth $477,000 after acquiring an additional 14,972 shares during the last quarter. Finally, O Brien Greene & Co. Inc grew its position in shares of Aspen Group by 18.2% during the 2nd quarter. O Brien Greene & Co. Inc now owns 130,000 shares of the technology company’s stock valued at $494,000 after acquiring an additional 20,000 shares during the period. 28.75% of the stock is currently owned by institutional investors and hedge funds.

Aspen Group Company Profile

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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