Aspen Group (NASDAQ:ASPU) Given a $10.00 Price Target by Lake Street Capital Analysts

Lake Street Capital set a $10.00 price objective on Aspen Group (NASDAQ:ASPU) in a research report report published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities analysts also recently weighed in on the company. ValuEngine upgraded Aspen Group from a buy rating to a strong-buy rating in a research report on Tuesday. Zacks Investment Research cut Aspen Group from a hold rating to a sell rating in a research report on Wednesday, September 4th. Canaccord Genuity assumed coverage on Aspen Group in a research report on Monday. They set a buy rating and a $8.00 price target for the company. Finally, Roth Capital set a $10.00 price objective on Aspen Group and gave the company a buy rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Aspen Group has a consensus rating of Buy and an average price target of $8.13.

Shares of ASPU traded up $0.13 during mid-day trading on Tuesday, hitting $5.58. 278,172 shares of the company were exchanged, compared to its average volume of 47,608. Aspen Group has a 1-year low of $3.58 and a 1-year high of $7.35. 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 50 day moving average of $4.27 and a 200-day moving average of $4.49. The stock has a market cap of $94.36 million, a price-to-earnings ratio of -11.16 and a beta of 0.63.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results on Monday, September 9th. The technology company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03). Aspen Group had a negative net margin of 22.92% and a negative return on equity of 30.90%. The company had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $10.06 million. Research analysts anticipate that Aspen Group will post -0.22 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of ASPU. P.A.W. Capital Corp increased its stake in shares of Aspen Group by 20.0% in the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the technology company’s stock worth $1,140,000 after acquiring an additional 50,000 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in Aspen Group by 151.8% during the 1st quarter. Penn Capital Management Co. Inc. now owns 530,857 shares of the technology company’s stock worth $2,829,000 after buying an additional 319,999 shares during the period. Granite Investment Partners LLC lifted its holdings in Aspen Group by 113.6% during the 1st quarter. Granite Investment Partners LLC now owns 142,603 shares of the technology company’s stock worth $760,000 after buying an additional 75,854 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Aspen Group by 8.7% in the first quarter. William Blair Investment Management LLC now owns 1,326,961 shares of the technology company’s stock worth $7,073,000 after acquiring an additional 106,463 shares in the last quarter. Finally, Falcon Point Capital LLC grew its stake in shares of Aspen Group by 15.6% in the first quarter. Falcon Point Capital LLC now owns 83,118 shares of the technology company’s stock worth $443,000 after acquiring an additional 11,203 shares in the last quarter. Institutional investors and hedge funds own 29.88% 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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