Roth Capital Increases Aspen Group (ASPU) Price Target to $12.25

Aspen Group (NASDAQ:ASPU) had its price target boosted by equities researchers at Roth Capital from $9.60 to $12.25 in a report issued on Thursday. The brokerage currently has a “buy” rating on the technology company’s stock. Roth Capital’s price objective points to a potential upside of 41.95% from the company’s current price.

Separately, Zacks Investment Research upgraded shares of Aspen Group from a “sell” rating to a “hold” rating in a report on Friday, November 10th.

Shares of Aspen Group (NASDAQ ASPU) traded up $0.40 during midday trading on Thursday, hitting $8.63. 170,600 shares of the stock traded hands, compared to its average volume of 18,898. Aspen Group has a 52-week low of $2.76 and a 52-week high of $9.25. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.55.

Aspen Group (NASDAQ:ASPU) last announced its quarterly earnings data on Thursday, September 14th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Aspen Group had a negative net margin of 8.69% and a negative return on equity of 29.44%. The company had revenue of $4.24 million for the quarter, compared to analyst estimates of $4.11 million. equities analysts anticipate that Aspen Group will post -0.15 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Unterberg Capital LLC bought a new stake in shares of Aspen Group during the third quarter worth about $2,355,000. P.A.W. Capital Corp bought a new stake in shares of Aspen Group during the third quarter worth about $1,570,000. Finally, Royce & Associates LP bought a new stake in shares of Aspen Group during the third quarter worth about $553,000. 6.45% of the stock is owned by 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).