Aspen Group (NASDAQ:ASPU) Issues Earnings Results, Beats Estimates By $0.04 EPS

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

Shares of Aspen Group stock opened at $5.36 on Wednesday. The stock has a market capitalization of $134.36 million, a price-to-earnings ratio of -12.47 and a beta of 0.65. The business has a 50-day moving average of $6.17 and a 200 day moving average of $6.22. Aspen Group has a 12 month low of $4.70 and a 12 month high of $12.80.

In other Aspen Group news, CEO Michael Mathews acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 15th. The stock was purchased at an average price of $5.77 per share, for a total transaction of $57,700.00. Following the completion of the acquisition, the chief executive officer now owns 892,946 shares of the company’s stock, valued at approximately $5,152,298.42. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 acquired a new stake in Aspen Group, Inc. (NASDAQ:ASPU) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 43,075 shares of the technology company’s stock, valued at approximately $280,000. Citadel Advisors LLC owned about 0.17% of Aspen Group at the end of the most recent quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.

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

Aspen Group Company Profile

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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