Aspen Group (NASDAQ:ASPU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

A number of other equities analysts also recently weighed in on the stock. Taglich Brothers reissued a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th. Roth Capital boosted 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, December 14th. Finally, Craig Hallum started coverage on shares of Aspen Group in a report on Monday, February 12th. They issued a “buy” rating and a $12.00 price target on the stock.

Shares of Aspen Group (ASPU) traded down $0.30 during trading hours on Tuesday, hitting $7.40. 14,416 shares of the company were exchanged, compared to its average volume of 44,000. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.58. The stock has a market cap of $116.11, a P/E ratio of -43.53 and a beta of 0.57. Aspen Group has a 52 week low of $3.20 and a 52 week high of $9.61.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results on Wednesday, December 13th. The technology company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $4.85 million during the quarter, compared to analysts’ expectations of $4.87 million. Aspen Group had a negative return on equity of 32.02% and a negative net margin of 11.48%. analysts predict that Aspen Group will post -0.33 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASPU. Royce & Associates LP purchased a new stake in Aspen Group during the third quarter valued at about $553,000. P.A.W. Capital Corp purchased a new stake in Aspen Group during the third quarter valued at about $1,570,000. Finally, Unterberg Capital LLC purchased a new stake in Aspen Group during the third quarter valued at about $2,355,000. 5.85% 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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