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 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. “

ASPU has been the topic of several other reports. Craig Hallum started coverage on Aspen Group in a research report on Monday. They issued a “buy” rating and a $12.00 target price on the stock. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Aspen Group in a research report on Tuesday, December 19th. Finally, Roth Capital increased their target price on Aspen Group from $9.60 to $12.25 and gave the stock a “buy” rating in a research report on Thursday, December 14th.

Shares of Aspen Group (ASPU) traded up $0.49 during trading on Tuesday, hitting $7.80. The company’s stock had a trading volume of 48,372 shares, compared to its average volume of 47,706. Aspen Group has a one year low of $3.05 and a one year high of $9.61. The stock has a market cap of $112.71, a price-to-earnings ratio of -45.88 and a beta of 0.57. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.58.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results on Wednesday, December 13th. The technology company reported ($0.04) earnings per share 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%. analysts forecast that Aspen Group will post -0.33 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. P.A.W. Capital Corp purchased a new position in shares of Aspen Group in the 3rd quarter worth $1,570,000. Royce & Associates LP purchased a new position in shares of Aspen Group in the 3rd quarter worth $553,000. Finally, Unterberg Capital LLC purchased a new position in shares of Aspen Group in the 3rd quarter worth $2,355,000. 5.63% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/13/aspen-group-aspu-lowered-to-sell-at-zacks-investment-research.html.

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).

Get a free copy of the Zacks research report on Aspen Group (ASPU)

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.

Leave a Reply