Zacks Investment Research upgraded shares of Aspen Group Inc (OTCBB:ASPU) from a sell rating to a hold rating in a research report sent to investors on Friday.
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. “
Separately, Roth Capital began coverage on Aspen Group in a report on Friday, October 6th. They issued a buy rating and a $10.00 price objective for the company.
Shares of Aspen Group (ASPU) opened at $8.17 on Friday. Aspen Group has a 52-week low of $2.76 and a 52-week high of $8.92. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.60.
Aspen Group (OTCBB:ASPU) last released its earnings results on Thursday, September 14th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $4.24 million for the quarter, compared to the consensus estimate of $4.11 million. Aspen Group had a negative return on equity of 39.50% and a negative net margin of 18.08%.
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Large investors have recently added to or reduced their stakes in the business. Royce & Associates LP bought a new stake in Aspen Group in the third quarter valued at approximately $553,000. P.A.W. Capital Corp bought a new position in shares of Aspen Group during the third quarter worth approximately $1,570,000. Finally, Unterberg Capital LLC bought a new position in shares of Aspen Group during the third quarter worth approximately $2,355,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.
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).
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