Aspen Group (ASPU) Upgraded at Zacks Investment Research
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.
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.
TRADEMARK VIOLATION NOTICE: This report was reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/aspen-group-aspu-upgraded-at-zacks-investment-research/1878588.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aspen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group and related companies with MarketBeat.com's FREE daily email newsletter.