Aspen Group, Inc. (NASDAQ:ASPU) Receives $2.88 Consensus PT from Brokerages

Shares of Aspen Group, Inc. (NASDAQ:ASPUGet Rating) have received an average recommendation of “Hold” from the seven analysts that are presently covering the company, reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $2.25.

ASPU has been the subject of a number of research analyst reports. Craig Hallum lowered their target price on Aspen Group to $1.00 in a research note on Thursday. Northland Securities reduced their price objective on Aspen Group from $4.50 to $3.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Finally, Lake Street Capital lowered Aspen Group from a “buy” rating to a “hold” rating in a research report on Wednesday.

Aspen Group Price Performance

Shares of NASDAQ ASPU opened at $0.50 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $12.61 million, a P/E ratio of -1.02 and a beta of 1.17. The stock’s 50-day simple moving average is $0.94 and its two-hundred day simple moving average is $1.02. Aspen Group has a twelve month low of $0.46 and a twelve month high of $6.04.

Aspen Group (NASDAQ:ASPUGet Rating) last posted its quarterly earnings results on Tuesday, July 19th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. Aspen Group had a negative return on equity of 26.00% and a negative net margin of 16.32%. The business had revenue of $19.38 million for the quarter, compared to analyst estimates of $19.40 million. As a group, equities analysts anticipate that Aspen Group will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Aspen Group

Several large investors have recently made changes to their positions in ASPU. Cruiser Capital Advisors LLC bought a new stake in Aspen Group during the fourth quarter worth approximately $94,000. Laidlaw Wealth Management LLC boosted its holdings in shares of Aspen Group by 1.4% in the fourth quarter. Laidlaw Wealth Management LLC now owns 803,966 shares of the technology company’s stock valued at $1,897,000 after purchasing an additional 11,345 shares during the period. Long Focus Capital Management LLC purchased a new stake in Aspen Group during the fourth quarter worth $2,186,000. Renaissance Technologies LLC lifted its holdings in Aspen Group by 470.1% during the second quarter. Renaissance Technologies LLC now owns 63,277 shares of the technology company’s stock worth $62,000 after buying an additional 52,177 shares during the period. Finally, Millennium Management LLC purchased a new stake in Aspen Group during the second quarter worth $31,000. 27.48% of the stock is currently owned by hedge funds and other institutional investors.

About Aspen Group

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Aspen Group, Inc, an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University.

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Analyst Recommendations for Aspen Group (NASDAQ:ASPU)

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