Shares of Aspen Group Inc (NASDAQ:ASPU) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $9.50 for the company and are forecasting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned Aspen Group an industry rank of 158 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on ASPU shares. Zacks Investment Research raised shares of Aspen Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. ValuEngine raised shares of Aspen Group from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

In related news, COO Gerard Wendolowski sold 6,286 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $4.99, for a total value of $31,367.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Malcolm F. Iv Maclean bought 7,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of $5.23 per share, for a total transaction of $36,610.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 10,200 shares of company stock worth $52,181 and sold 21,350 shares worth $107,289. 19.40% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC boosted its position in Aspen Group by 192.2% during the 1st quarter. FNY Investment Advisers LLC now owns 15,964 shares of the technology company’s stock worth $85,000 after acquiring an additional 10,500 shares during the last quarter. Quad Capital Management Advisors LLC increased its position in shares of Aspen Group by 25.0% in the fourth quarter. Quad Capital Management Advisors LLC now owns 33,160 shares of the technology company’s stock worth $182,000 after purchasing an additional 6,625 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Aspen Group in the fourth quarter worth $232,000. Penn Capital Management Co. Inc. increased its position in shares of Aspen Group by 45.9% in the third quarter. Penn Capital Management Co. Inc. now owns 109,613 shares of the technology company’s stock worth $745,000 after purchasing an additional 34,500 shares during the period. Finally, P.A.W. Capital Corp increased its position in shares of Aspen Group by 8.7% in the first quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock worth $1,333,000 after purchasing an additional 20,000 shares during the period. 24.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ASPU stock traded down $0.07 during mid-day trading on Friday, reaching $4.52. 100 shares of the stock traded hands, compared to its average volume of 38,968. Aspen Group has a 1-year low of $4.40 and a 1-year high of $8.50. The firm has a market capitalization of $83.58 million, a price-to-earnings ratio of -11.72 and a beta of 0.77.

Aspen Group (NASDAQ:ASPU) last announced its earnings results on Monday, March 11th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02). The company had revenue of $8.50 million for the quarter, compared to analysts’ expectations of $8.32 million. Aspen Group had a negative net margin of 36.52% and a negative return on equity of 32.33%. As a group, analysts forecast that Aspen Group will post -0.5 EPS for the current year.

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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