Aspen Group (ASPU) Downgraded by Zacks Investment Research to “Sell”
Zacks Investment Research lowered shares of Aspen Group (NASDAQ:ASPU) from a hold rating to a sell rating in a report issued on Thursday 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. “
Separately, Roth Capital lifted their price target on shares of Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a report on Thursday.
Aspen Group (NASDAQ:ASPU) last released its quarterly earnings results on Thursday, September 14th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). Aspen Group had a negative return on equity of 34.47% and a negative net margin of 11.48%. The firm had revenue of $4.24 million during the quarter, compared to analysts’ expectations of $4.11 million. sell-side analysts anticipate that Aspen Group will post -0.15 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Unterberg Capital LLC acquired a new stake in shares of Aspen Group during the third quarter worth $2,355,000. P.A.W. Capital Corp acquired a new stake in shares of Aspen Group during the third quarter worth $1,570,000. Finally, Royce & Associates LP acquired a new stake in shares of Aspen Group during the third quarter worth $553,000. 6.45% of the stock is currently owned by institutional investors and hedge funds.
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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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