Zacks Investment Research Lowers Aspen Group (NASDAQ:ASPU) to Sell

Zacks Investment Research cut shares of Aspen Group (NASDAQ:ASPU) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Aspen Group, Inc. is an online post-secondary education company. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in a range of areas, including business and organization management, education, nursing, information technology, and general studies. Aspen Group, Inc. is headquartered in Denver, Colorado. “

Separately, ValuEngine upgraded shares of Aspen Group from a hold rating to a buy rating in a research report on Tuesday, August 6th.

Shares of NASDAQ:ASPU opened at $4.09 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.31 and a current ratio of 3.31. The company has a market cap of $78.14 million, a PE ratio of -8.18 and a beta of 0.71. Aspen Group has a 52 week low of $3.58 and a 52 week high of $8.20. The firm has a 50 day simple moving average of $4.28 and a 200 day simple moving average of $4.51.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results on Tuesday, July 9th. The technology company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). Aspen Group had a negative net margin of 27.27% and a negative return on equity of 32.62%. The business had revenue of $10.21 million during the quarter, compared to the consensus estimate of $10.19 million. On average, equities analysts predict that Aspen Group will post -0.22 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC lifted its position in Aspen Group by 15.7% in the 2nd quarter. FNY Investment Advisers LLC now owns 18,464 shares of the technology company’s stock worth $70,000 after buying an additional 2,500 shares in the last quarter. Penbrook Management LLC increased its stake in shares of Aspen Group by 5.0% during the 2nd quarter. Penbrook Management LLC now owns 107,930 shares of the technology company’s stock worth $410,000 after purchasing an additional 5,150 shares during the last quarter. Connors Investor Services Inc. increased its stake in shares of Aspen Group by 21.4% during the 2nd quarter. Connors Investor Services Inc. now owns 35,200 shares of the technology company’s stock worth $134,000 after purchasing an additional 6,200 shares during the last quarter. Falcon Point Capital LLC increased its stake in shares of Aspen Group by 9.2% during the 2nd quarter. Falcon Point Capital LLC now owns 90,754 shares of the technology company’s stock worth $345,000 after purchasing an additional 7,636 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Aspen Group by 13.6% during the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock worth $477,000 after purchasing an additional 14,972 shares during the last quarter. Institutional investors own 29.76% of the company’s stock.

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.

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