Aspen Group (ASPU) Lowered to “Sell” at Zacks Investment Research
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.
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.
TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/14/aspen-group-aspu-lowered-to-sell-at-zacks-investment-research.html.
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).
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.