Canaccord Genuity began coverage on shares of Aspen Group (NASDAQ:ASPU) in a report published on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $8.00 price target on the technology company’s stock.

Several other research analysts have also weighed in on the company. ValuEngine raised Aspen Group from a hold rating to a buy rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered Aspen Group from a hold rating to a sell rating in a research report on Wednesday, September 4th. Finally, Roth Capital set a $10.00 target price on Aspen Group and gave the stock a buy rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Aspen Group has a consensus rating of Buy and a consensus target price of $8.13.

Shares of Aspen Group stock opened at $5.30 on Monday. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.36. The firm has a market cap of $94.36 million, a PE ratio of -10.60 and a beta of 0.63. The business’s fifty day moving average is $4.27 and its two-hundred day moving average is $4.49. Aspen Group has a fifty-two week low of $3.58 and a fifty-two week high of $7.25.

Aspen Group (NASDAQ:ASPU) last issued its earnings results on Monday, September 9th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $10.06 million. Aspen Group had a negative return on equity of 30.90% and a negative net margin of 22.92%. Equities research analysts anticipate that Aspen Group will post -0.22 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of ASPU. Penn Capital Management Co. Inc. raised its position in shares of Aspen Group by 151.8% in the 1st quarter. Penn Capital Management Co. Inc. now owns 530,857 shares of the technology company’s stock worth $2,829,000 after buying an additional 319,999 shares during the period. William Blair Investment Management LLC raised its position in shares of Aspen Group by 8.7% in the 1st quarter. William Blair Investment Management LLC now owns 1,326,961 shares of the technology company’s stock worth $7,073,000 after buying an additional 106,463 shares during the period. Granite Investment Partners LLC increased its holdings in Aspen Group by 113.6% in the 1st quarter. Granite Investment Partners LLC now owns 142,603 shares of the technology company’s stock valued at $760,000 after purchasing an additional 75,854 shares in the last quarter. P.A.W. Capital Corp increased its holdings in Aspen Group by 20.0% in the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the technology company’s stock valued at $1,140,000 after purchasing an additional 50,000 shares in the last quarter. Finally, O Brien Greene & Co. Inc increased its holdings in Aspen Group by 18.2% in the 2nd quarter. O Brien Greene & Co. Inc now owns 130,000 shares of the technology company’s stock valued at $494,000 after purchasing an additional 20,000 shares in the last quarter. 29.88% of the stock is currently owned by institutional investors and hedge funds.

About Aspen Group

Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.

Read More: How is a management fee different from a performance fee?

Receive News & Ratings for Aspen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group and related companies with MarketBeat.com's FREE daily email newsletter.