Craig Hallum assumed coverage on shares of Aspen Group (NASDAQ:ASPU) in a research report sent to investors on Monday morning. The firm issued a buy rating and a $12.00 target price on the technology company’s stock.

ASPU has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Aspen Group from a hold rating to a sell rating in a research note on Thursday, December 14th. Taglich Brothers restated a speculative buy rating on shares of Aspen Group in a research note on Tuesday, December 19th. Finally, Roth Capital increased their price objective on shares of Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a research note on Thursday, December 14th.

Aspen Group (ASPU) opened at $7.31 on Monday. Aspen Group has a one year low of $3.05 and a one year high of $9.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.12 and a current ratio of 3.12.

Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings data on Wednesday, December 13th. The technology company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Aspen Group had a negative return on equity of 32.02% and a negative net margin of 11.48%. research analysts forecast that Aspen Group will post -0.33 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. P.A.W. Capital Corp acquired a new position in shares of Aspen Group during the 3rd quarter worth about $1,570,000. Royce & Associates LP acquired a new position in shares of Aspen Group during the 3rd quarter worth about $553,000. Finally, Unterberg Capital LLC acquired a new position in shares of Aspen Group during the 3rd quarter worth about $2,355,000. Institutional investors own 5.63% of the company’s stock.

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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).

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