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

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 lifted their target price on shares of Aspen Group from $9.60 to $12.25 and gave the stock a “buy” rating in a report on Thursday.

Shares of Aspen Group (NASDAQ:ASPU) traded up $0.40 during trading on Thursday, hitting $8.63. 170,600 shares of the company were exchanged, compared to its average volume of 18,898. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.16 and a quick ratio of 4.16. Aspen Group has a fifty-two week low of $2.76 and a fifty-two week high of $9.25.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results 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). The company had revenue of $4.24 million during the quarter, compared to analyst estimates of $4.11 million. Aspen Group had a negative net margin of 8.69% and a negative return on equity of 29.44%. equities analysts predict that Aspen Group will post -0.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASPU. Royce & Associates LP acquired a new stake in Aspen Group during the 3rd quarter worth $553,000. P.A.W. Capital Corp acquired a new stake in Aspen Group during the 3rd quarter worth $1,570,000. Finally, Unterberg Capital LLC acquired a new stake in Aspen Group during the 3rd quarter worth $2,355,000. 6.45% of the stock is owned by hedge funds and other institutional investors.

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Aspen Group Company Profile

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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