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

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Zacks Investment Research cut shares of Aspen Group (NASDAQ:ASPU) from a hold rating to a sell rating in a report released on Wednesday morning, 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 note on Tuesday, August 6th.

NASDAQ ASPU opened at $4.39 on Wednesday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $4.24 and its 200-day moving average price is $4.53. Aspen Group has a 52-week low of $3.58 and a 52-week high of $8.20.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC boosted its stake in Aspen Group by 192.2% in the first quarter. FNY Investment Advisers LLC now owns 15,964 shares of the technology company’s stock valued at $85,000 after acquiring an additional 10,500 shares in the last quarter. Connors Investor Services Inc. boosted its stake in Aspen Group by 21.4% in the second quarter. Connors Investor Services Inc. now owns 35,200 shares of the technology company’s stock valued at $134,000 after acquiring an additional 6,200 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Aspen Group in the fourth quarter valued at approximately $232,000. Falcon Point Capital LLC boosted its stake 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 valued at $443,000 after acquiring an additional 11,203 shares in the last quarter. Finally, Penbrook Management LLC boosted its stake in Aspen Group by 5.0% in the second quarter. Penbrook Management LLC now owns 107,930 shares of the technology company’s stock valued at $410,000 after acquiring an additional 5,150 shares in the last quarter. Institutional investors own 30.73% 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.

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