Aspen Group (NASDAQ:ASPU) Issues FY 2022 Earnings Guidance

Aspen Group (NASDAQ:ASPUGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $-0.460-$-0.420 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.240. The company issued revenue guidance of $75.50 million-$77.50 million, compared to the consensus revenue estimate of $76.57 million.

Several research analysts have weighed in on the stock. Roth Capital restated a neutral rating on shares of Aspen Group in a report on Wednesday, December 15th. Canaccord Genuity Group lowered shares of Aspen Group from a buy rating to a hold rating in a research note on Friday, February 11th. Craig Hallum lowered shares of Aspen Group from a buy rating to a hold rating and reduced their target price for the stock from $10.00 to $3.50 in a research note on Wednesday, December 15th. B. Riley reduced their target price on shares of Aspen Group from $6.00 to $3.00 and set a buy rating for the company in a research note on Thursday, March 10th. Finally, Canaccord Genuity Group reduced their target price on shares of Aspen Group from $7.00 to $2.00 and set a hold rating for the company in a research note on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $6.93.

Shares of NASDAQ ASPU opened at $1.01 on Tuesday. Aspen Group has a one year low of $0.90 and a one year high of $7.49. The firm’s 50 day simple moving average is $1.35 and its two-hundred day simple moving average is $2.88.

Aspen Group (NASDAQ:ASPUGet Rating) last released its quarterly earnings results on Tuesday, March 15th. The technology company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $18.95 million during the quarter, compared to the consensus estimate of $18.91 million. Aspen Group had a negative net margin of 12.79% and a negative return on equity of 20.30%. During the same quarter last year, the firm earned ($0.11) EPS. As a group, sell-side analysts predict that Aspen Group will post -0.47 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in ASPU. Royal Bank of Canada increased its holdings in Aspen Group by 193.3% in the 2nd quarter. Royal Bank of Canada now owns 3,913 shares of the technology company’s stock worth $26,000 after acquiring an additional 2,579 shares in the last quarter. Monolith Advisors bought a new position in shares of Aspen Group during the 4th quarter valued at approximately $30,000. BlackRock Inc. boosted its position in shares of Aspen Group by 6.1% during the 4th quarter. BlackRock Inc. now owns 275,308 shares of the technology company’s stock valued at $650,000 after acquiring an additional 15,949 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Aspen Group during the 4th quarter valued at approximately $60,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Aspen Group by 27.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 120,341 shares of the technology company’s stock valued at $284,000 after acquiring an additional 26,236 shares during the last quarter. Institutional investors own 47.78% of the company’s stock.

Aspen Group Company Profile (Get Rating)

Aspen Group, Inc is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.

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