Aspen Group (ASPU) Downgraded by Zacks Investment Research to “Sell”
Aspen Group (NASDAQ:ASPU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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. “
A number of other research analysts also recently commented on ASPU. Craig Hallum assumed coverage on Aspen Group in a research report on Monday. They set a “buy” rating and a $12.00 target price for the company. Roth Capital raised their price target on Aspen Group from $9.60 to $12.25 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Taglich Brothers restated a “speculative buy” rating on shares of Aspen Group in a research report on Tuesday, December 19th.
Aspen Group (NASDAQ:ASPU) last posted its earnings results on Wednesday, December 13th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $4.85 million for the quarter, compared to the consensus estimate of $4.87 million. Aspen Group had a negative net margin of 11.48% and a negative return on equity of 32.02%. sell-side analysts predict that Aspen Group will post -0.33 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of ASPU. Royce & Associates LP bought a new stake in Aspen Group in the third quarter worth $553,000. P.A.W. Capital Corp purchased a new stake in Aspen Group in the third quarter worth $1,570,000. Finally, Unterberg Capital LLC purchased a new stake in Aspen Group in the third quarter worth $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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