Aspen Group Inc (ASPU) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Aspen Group Inc (OTCBB:ASPU) from a sell rating to a hold rating in a report published on Friday 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 began coverage on shares of Aspen Group in a research note on Friday, October 6th. They set a buy rating and a $10.00 price target on the stock.
Shares of Aspen Group (ASPU) opened at $8.10 on Friday. Aspen Group has a 52 week low of $2.76 and a 52 week high of $8.92. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.60.
Aspen Group (OTCBB:ASPU) last announced its quarterly earnings data on Thursday, September 14th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Aspen Group had a negative net margin of 18.08% and a negative return on equity of 39.50%. The business had revenue of $4.24 million during the quarter, compared to analyst estimates of $4.11 million.
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A hedge fund recently bought a new stake in Aspen Group stock. P.A.W. Capital Corp bought a new stake in Aspen Group Inc (OTCBB:ASPU) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 250,000 shares of the technology company’s stock, valued at approximately $1,570,000. Aspen Group comprises 1.6% of P.A.W. Capital Corp’s holdings, making the stock its 18th biggest holding. P.A.W. Capital Corp owned approximately 1.84% of Aspen Group as of its most recent SEC filing. 1.48% of the stock is owned by institutional investors and hedge funds.
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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