Aspen Group (ASPU) Upgraded by Zacks Investment Research to “Hold”

Aspen Group (NASDAQ:ASPU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to 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 research analysts have also issued reports on ASPU. Taglich Brothers reissued a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th. Roth Capital raised 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.

Shares of Aspen Group (NASDAQ ASPU) traded up $0.24 during trading on Tuesday, reaching $8.21. 37,795 shares of the company’s stock were exchanged, compared to its average volume of 50,640. The company has a market cap of $118.48, a price-to-earnings ratio of -54.73 and a beta of 0.04. Aspen Group has a 1-year low of $3.05 and a 1-year high of $9.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.12 and a current ratio of 3.12.

Aspen Group (NASDAQ:ASPU) last announced its quarterly earnings results on Wednesday, December 13th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Aspen Group had a negative return on equity of 32.02% and a negative net margin of 11.48%. sell-side analysts expect that Aspen Group will post -0.33 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in ASPU. P.A.W. Capital Corp bought a new stake in shares of Aspen Group during the 3rd quarter valued at about $1,570,000. Unterberg Capital LLC bought a new stake in shares of Aspen Group during the 3rd quarter valued at about $2,355,000. Finally, Royce & Associates LP bought a new stake in shares of Aspen Group during the 3rd quarter valued at about $553,000. 5.92% of the stock is currently owned by hedge funds and other institutional investors.

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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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