Zacks Investment Research cut shares of Aspen Group (NASDAQ:ASPU) from a hold rating to a sell rating in a research note released 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, ValuEngine cut Aspen Group from a strong-buy rating to a buy rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Aspen Group currently has a consensus rating of Hold and an average price target of $12.13.

Aspen Group stock opened at $7.17 on Thursday. Aspen Group has a 12 month low of $5.85 and a 12 month high of $9.61. The company has a current ratio of 2.81, a quick ratio of 2.80 and a debt-to-equity ratio of 0.03.

Aspen Group (NASDAQ:ASPU) last released its quarterly earnings results on Thursday, September 6th. The technology company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). Aspen Group had a negative return on equity of 31.50% and a negative net margin of 36.53%. The company had revenue of $7.22 million for the quarter, compared to analysts’ expectations of $7.19 million. analysts expect that Aspen Group will post -0.39 EPS for the current year.

In other Aspen Group news, Director Malcolm F. Iv Maclean acquired 5,667 shares of the business’s stock in a transaction on Friday, July 13th. The stock was purchased at an average price of $7.27 per share, for a total transaction of $41,199.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 11,752 shares of company stock valued at $84,296 in the last quarter. 26.30% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Western Standard LLC purchased a new position in Aspen Group in the second quarter worth $134,000. P.A.W. Capital Corp raised its position in Aspen Group by 12.2% in the second quarter. P.A.W. Capital Corp now owns 230,000 shares of the technology company’s stock worth $1,718,000 after acquiring an additional 25,000 shares in the last quarter. Granite Investment Partners LLC raised its position in Aspen Group by 74.5% in the second quarter. Granite Investment Partners LLC now owns 76,073 shares of the technology company’s stock worth $569,000 after acquiring an additional 32,476 shares in the last quarter. BlackRock Inc. purchased a new position in Aspen Group in the second quarter worth $284,000. Finally, Penn Capital Management Co. Inc. purchased a new position in Aspen Group in the second quarter worth $561,000. Hedge funds and other institutional investors own 16.57% of the company’s stock.

About Aspen Group

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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