Aspen Group (NASDAQ:ASPU) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Aspen Group (NASDAQ:ASPU) issued its quarterly earnings data on Monday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. Aspen Group had a negative net margin of 15.40% and a negative return on equity of 16.57%. During the same period last year, the company posted ($0.02) EPS.

ASPU stock opened at $5.36 on Wednesday. The company’s 50 day moving average price is $6.17 and its 200 day moving average price is $6.22. Aspen Group has a fifty-two week low of $4.70 and a fifty-two week high of $12.80. The firm has a market capitalization of $134.36 million, a price-to-earnings ratio of -12.47 and a beta of 0.65.

Several analysts recently issued reports on ASPU shares. Lake Street Capital restated a “buy” rating and issued a $13.00 price objective on shares of Aspen Group in a report on Thursday, June 17th. Canaccord Genuity cut their price target on shares of Aspen Group from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 14th. Northland Securities assumed coverage on shares of Aspen Group in a research note on Wednesday, July 14th. They set a “buy” rating and a $12.00 price target on the stock. Craig Hallum cut their price target on shares of Aspen Group from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Aspen Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $12.13.

In other news, CEO Michael Mathews bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were purchased at an average cost of $5.77 per share, for a total transaction of $57,700.00. Following the completion of the purchase, the chief executive officer now owns 892,946 shares of the company’s stock, valued at $5,152,298.42. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Aspen Group stock. Citadel Advisors LLC purchased a new stake in Aspen Group, Inc. (NASDAQ:ASPU) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 43,075 shares of the technology company’s stock, valued at approximately $280,000. Citadel Advisors LLC owned approximately 0.17% of Aspen Group as of its most recent SEC filing. 53.79% of the stock is currently owned by hedge funds and other institutional investors.

About Aspen Group

Aspen Group, Inc is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.

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Earnings History for Aspen Group (NASDAQ:ASPU)

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