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Zacks Investment Research Upgrades Aspen Group (NASDAQ:ASPU) to “Hold”


Zacks Investment Research upgraded shares of Aspen Group (NASDAQ:ASPU – Get Rating) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

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. “

ASPU has been the topic of a number of other research reports. B. Riley dropped their price objective on shares of Aspen Group from $6.00 to $3.00 and set a buy rating on the stock in a research note on Thursday, March 10th. Canaccord Genuity Group cut shares of Aspen Group from a buy rating to a hold rating in a research note on Friday, February 11th. Finally, Canaccord Genuity Group decreased their target price on Aspen Group from $7.00 to $2.00 and set a hold rating on the stock in a research report on Friday, February 11th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $6.93.

Shares of NASDAQ ASPU opened at $0.96 on Tuesday. The stock has a market capitalization of $24.13 million, a price-to-earnings ratio of -2.52 and a beta of 1.15. Aspen Group has a 12 month low of $0.75 and a 12 month high of $7.49. The firm’s 50-day simple moving average is $1.10 and its 200-day simple moving average is $2.06.

Aspen Group (NASDAQ:ASPU – Get Rating) last issued its quarterly earnings data on Tuesday, March 15th. The technology company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $18.95 million for the quarter, compared to analyst estimates of $18.91 million. Aspen Group had a negative return on equity of 20.30% and a negative net margin of 12.79%. During the same period in the previous year, the business earned ($0.11) EPS. On average, equity analysts forecast that Aspen Group will post -0.47 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Aspen Group by 193.3% in the 2nd quarter. Royal Bank of Canada now owns 3,913 shares of the technology company’s stock valued at $26,000 after purchasing an additional 2,579 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Aspen Group by 2.2% during the 3rd quarter. O Brien Greene & Co. Inc now owns 230,200 shares of the technology company’s stock worth $1,282,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Aspen Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 188,174 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 5,262 shares during the last quarter. Formula Growth Ltd. lifted its holdings in shares of Aspen Group by 10.0% in the 3rd quarter. Formula Growth Ltd. now owns 110,000 shares of the technology company’s stock worth $613,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Laidlaw Wealth Management LLC increased its stake in Aspen Group by 1.4% during the 4th quarter. Laidlaw Wealth Management LLC now owns 803,966 shares of the technology company’s stock worth $1,897,000 after buying an additional 11,345 shares during the period. Institutional investors own 57.35% of the company’s stock.

Aspen Group Company Profile (GetRating)

Aspen Group, Inc, an education technology company, provides online higher education services in the United States. The company offers certificate programs; and bachelor’s, master’s, and doctoral degree programs in a range of areas, including nursing and health sciences, business and technology, arts and sciences, and education.

See Also

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Analyst Recommendations for Aspen Group (NASDAQ:ASPU)



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