Lake Street Capital set a $10.00 price target on Aspen Group (NASDAQ:ASPU) in a research report sent to investors on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on ASPU. Zacks Investment Research downgraded shares of Aspen Group from a hold rating to a sell rating in a research note on Wednesday, September 4th. ValuEngine raised shares of Aspen Group from a buy rating to a strong-buy rating in a research note on Tuesday. Roth Capital set a $10.00 target price on shares of Aspen Group and gave the stock a buy rating in a research note on Wednesday, September 4th. Finally, Canaccord Genuity initiated coverage on shares of Aspen Group in a research report on Monday. They set a buy rating and a $8.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $8.13.

Shares of NASDAQ ASPU traded up $0.09 during trading on Tuesday, reaching $5.39. The company had a trading volume of 1,588 shares, compared to its average volume of 78,589. Aspen Group has a 52 week low of $3.58 and a 52 week high of $7.25. The stock has a market cap of $101.63 million, a PE ratio of -10.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.31 and a current ratio of 2.40. The business’s 50 day moving average price is $4.27 and its 200-day moving average price is $4.49.

Aspen Group (NASDAQ:ASPU) last announced its earnings results on Monday, September 9th. The technology company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03). Aspen Group had a negative return on equity of 31.68% and a negative net margin of 22.92%. The company had revenue of $10.36 million during the quarter, compared to the consensus estimate of $10.06 million. Equities analysts anticipate that Aspen Group will post -0.3 earnings per share for the current year.

Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC grew its holdings in Aspen Group by 15.7% during the second quarter. FNY Investment Advisers LLC now owns 18,464 shares of the technology company’s stock valued at $70,000 after purchasing an additional 2,500 shares during the period. Connors Investor Services Inc. grew its holdings in Aspen Group by 21.4% during the second quarter. Connors Investor Services Inc. now owns 35,200 shares of the technology company’s stock valued at $134,000 after purchasing an additional 6,200 shares during the period. Falcon Point Capital LLC grew its holdings in Aspen Group by 9.2% during the second quarter. Falcon Point Capital LLC now owns 90,754 shares of the technology company’s stock valued at $345,000 after purchasing an additional 7,636 shares during the period. Penbrook Management LLC lifted its stake in Aspen Group by 5.0% in the second quarter. Penbrook Management LLC now owns 107,930 shares of the technology company’s stock valued at $410,000 after buying an additional 5,150 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Aspen Group by 13.6% in the second quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock valued at $477,000 after buying an additional 14,972 shares in the last quarter. Institutional investors own 29.88% of the company’s stock.

Aspen Group Company Profile

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.

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