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

ASPU has been the subject of a number of other research reports. ValuEngine upgraded 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 price objective on Aspen Group and gave the company a buy rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $8.13.

NASDAQ:ASPU traded down $1.18 on Monday, reaching $4.40. 412 shares of the company’s stock traded hands, compared to its average volume of 47,608. The firm has a market cap of $94.36 million, a PE ratio of -8.80 and a beta of 0.63. The stock has a 50-day simple moving average of $4.27 and a 200-day simple moving average of $4.49. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.36. Aspen Group has a 12 month low of $3.58 and a 12 month high of $7.35.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings data 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). The firm had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $10.06 million. Aspen Group had a negative net margin of 22.92% and a negative return on equity of 30.90%. On average, equities analysts anticipate that Aspen Group will post -0.22 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. P.A.W. Capital Corp grew its position in shares of Aspen Group by 20.0% during the second 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. Penn Capital Management Co. Inc. grew its position in Aspen Group by 151.8% in the first quarter. Penn Capital Management Co. Inc. now owns 530,857 shares of the technology company’s stock worth $2,829,000 after acquiring an additional 319,999 shares in the last quarter. Granite Investment Partners LLC grew its position in Aspen Group by 113.6% in the first quarter. Granite Investment Partners LLC now owns 142,603 shares of the technology company’s stock worth $760,000 after acquiring an additional 75,854 shares in the last quarter. William Blair Investment Management LLC grew its position in Aspen Group by 8.7% in the first quarter. William Blair Investment Management LLC now owns 1,326,961 shares of the technology company’s stock worth $7,073,000 after acquiring an additional 106,463 shares in the last quarter. Finally, Falcon Point Capital LLC grew its position in Aspen Group by 15.6% in the first quarter. Falcon Point Capital LLC now owns 83,118 shares of the technology company’s stock worth $443,000 after acquiring an additional 11,203 shares in the last quarter. Hedge funds and other 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.

See Also: Gross Domestic Product (GDP)

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