Aspen Group Inc (NASDAQ:ASPU) traded up 5% during trading on Tuesday . The company traded as high as $8.57 and last traded at $8.54, 226,483 shares changed hands during trading. An increase of 58% from the average session volume of 143,109 shares. The stock had previously closed at $8.13.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Aspen Group from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective on the stock in a research note on Monday. Northland Securities initiated coverage on shares of Aspen Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $10.00 price target on the stock. Canaccord Genuity lifted their price target on shares of Aspen Group from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, ValuEngine cut shares of Aspen Group from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.00.

The business’s 50 day moving average is $7.50 and its 200-day moving average is $5.67. The stock has a market cap of $155.85 million, a price-to-earnings ratio of -17.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

Aspen Group (NASDAQ:ASPU) last released its quarterly earnings results on Tuesday, December 10th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. Aspen Group had a negative net margin of 16.23% and a negative return on equity of 25.81%. The firm had revenue of $12.09 million for the quarter, compared to analysts’ expectations of $11.61 million. Sell-side analysts anticipate that Aspen Group Inc will post -0.22 EPS for the current fiscal year.

In other Aspen Group news, Director C James Jensen sold 13,836 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $7.86, for a total value of $108,750.96. Following the transaction, the director now owns 193,608 shares in the company, valued at approximately $1,521,758.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Malcolm F. Iv Maclean sold 21,281 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $7.30, for a total value of $155,351.30. Following the completion of the transaction, the director now owns 2,302 shares in the company, valued at approximately $16,804.60. The disclosure for this sale can be found here. Insiders sold a total of 86,589 shares of company stock worth $669,432 in the last three months. 16.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in ASPU. Penn Capital Management Co. Inc. lifted its holdings in Aspen Group by 15.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 615,034 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 84,177 shares in the last quarter. BlackRock Inc. lifted its holdings in Aspen Group by 13.6% in the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock valued at $477,000 after purchasing an additional 14,972 shares in the last quarter. Connors Investor Services Inc. lifted its holdings in Aspen Group by 21.4% in the 2nd 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 in the last quarter. O Brien Greene & Co. Inc lifted 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. Finally, Penbrook Management LLC lifted its holdings in Aspen Group by 20.5% in the 3rd quarter. Penbrook Management LLC now owns 130,010 shares of the technology company’s stock valued at $674,000 after purchasing an additional 22,080 shares in the last quarter. Institutional investors own 28.66% of the company’s stock.

Aspen Group Company Profile (NASDAQ:ASPU)

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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