Aspen Group (ASPU) Earns Buy Rating from Analysts at Craig Hallum

Analysts at Craig Hallum started coverage on shares of Aspen Group (NASDAQ:ASPU) in a note issued to investors on Monday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Aspen Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th. Finally, Roth Capital lifted their price objective on Aspen Group from $9.60 to $12.25 and gave the company a “buy” rating in a report on Thursday, December 14th.

Shares of Aspen Group (ASPU) opened at $7.50 on Monday. The firm has a market capitalization of $112.71, a P/E ratio of -44.12 and a beta of 0.57. 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 has a fifty-two week low of $3.05 and a fifty-two week high of $9.61.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ASPU. P.A.W. Capital Corp acquired a new position in Aspen Group in the 3rd quarter valued at $1,570,000. Unterberg Capital LLC acquired a new position in Aspen Group in the 3rd quarter valued at $2,355,000. Finally, Royce & Associates LP acquired a new position in Aspen Group in the 3rd quarter valued at $553,000. 5.63% 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).

The Fly

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