Aspen Group, Inc. (NASDAQ:ASPU) Receives Average Rating of “Hold” from Brokerages

Aspen Group, Inc. (NASDAQ:ASPUGet Rating) has earned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.08.

ASPU has been the topic of several research analyst reports. Zacks Investment Research downgraded Aspen Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 1st. Craig Hallum downgraded Aspen Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $10.00 to $3.50 in a research report on Wednesday, December 15th. Roth Capital reaffirmed a “neutral” rating on shares of Aspen Group in a research report on Wednesday, December 15th. Canaccord Genuity Group downgraded Aspen Group from a “buy” rating to a “hold” rating in a research report on Friday, February 11th. Finally, B. Riley lowered their price target on Aspen Group from $6.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, March 10th.

Aspen Group stock opened at $0.99 on Thursday. The company has a market capitalization of $24.94 million, a price-to-earnings ratio of -2.61 and a beta of 0.87. Aspen Group has a one year low of $0.90 and a one year high of $7.49. The company’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $2.86.

Aspen Group (NASDAQ:ASPUGet Rating) last issued its quarterly earnings results on Tuesday, March 15th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). The business had revenue of $18.95 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted ($0.11) earnings per share. Equities research analysts forecast that Aspen Group will post -0.47 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Aspen Group by 193.3% in the second quarter. Royal Bank of Canada now owns 3,913 shares of the technology company’s stock valued at $26,000 after buying an additional 2,579 shares during the period. Gabelli Funds LLC acquired a new stake in Aspen Group during the third quarter valued at approximately $67,000. Monolith Advisors acquired a new stake in Aspen Group during the fourth quarter valued at approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aspen Group during the third quarter valued at approximately $80,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Aspen Group during the second quarter valued at approximately $106,000. Institutional investors and hedge funds own 47.78% of the company’s stock.

About Aspen Group (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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Analyst Recommendations for Aspen Group (NASDAQ:ASPU)

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