Aspen Group (NASDAQ:ASPU) released its quarterly earnings results on Monday. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted ($0.02) earnings per share.
Shares of ASPU traded up $0.04 during midday trading on Wednesday, reaching $5.40. 3,524 shares of the stock were exchanged, compared to its average volume of 239,202. The company has a market capitalization of $135.37 million, a P/E ratio of -11.63 and a beta of 0.65. Aspen Group has a 52 week low of $4.70 and a 52 week high of $12.80. The company’s 50 day moving average is $6.17 and its two-hundred day moving average is $6.22.
In other Aspen Group news, CEO Michael Mathews bought 10,000 shares of the business’s stock in a transaction on Thursday, July 15th. The shares were acquired at an average price of $5.77 per share, with a total value of $57,700.00. Following the transaction, the chief executive officer now owns 892,946 shares of the company’s stock, valued at approximately $5,152,298.42. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.30% of the company’s stock.
Several brokerages have issued reports on ASPU. Craig Hallum dropped their target price on Aspen Group from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday. Northland Securities initiated coverage on Aspen Group in a report on Wednesday, July 14th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research upgraded Aspen Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 20th. Canaccord Genuity lowered their target price on shares of Aspen Group from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 14th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $13.00 price target on shares of Aspen Group in a research note on Thursday, June 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Aspen Group currently has a consensus rating of “Buy” and an average target price of $12.13.
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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