Aspen Group Inc (NASDAQ:ASPU) Director C James Jensen sold 42,181 shares of Aspen Group stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $8.03, for a total transaction of $338,713.43. Following the completion of the transaction, the director now owns 193,608 shares in the company, valued at approximately $1,554,672.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
C James Jensen also recently made the following trade(s):
- On Monday, January 6th, C James Jensen sold 13,836 shares of Aspen Group stock. The stock was sold at an average price of $7.86, for a total value of $108,750.96.
NASDAQ ASPU opened at $8.30 on Thursday. The stock’s 50 day moving average is $7.53 and its two-hundred day moving average is $5.69. Aspen Group Inc has a 1-year low of $3.58 and a 1-year high of $8.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.
Aspen Group (NASDAQ:ASPU) last issued its earnings results on Tuesday, December 10th. The technology company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company had revenue of $12.09 million for the quarter, compared to the consensus estimate of $11.61 million. Aspen Group had a negative net margin of 16.23% and a negative return on equity of 25.81%. Research analysts predict that Aspen Group Inc will post -0.22 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. Canaccord Genuity upped their target price on shares of Aspen Group from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. ValuEngine lowered shares of Aspen Group from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Northland Securities assumed coverage on Aspen Group in a research note on Monday, November 4th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, Zacks Investment Research upgraded Aspen Group from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Aspen Group currently has an average rating of “Buy” and an average target price of $10.00.
A number of institutional investors have recently modified their holdings of ASPU. Connors Investor Services Inc. raised its holdings in shares of Aspen Group by 21.4% in the 2nd 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. BlackRock Inc. raised its holdings in shares of Aspen Group by 13.6% during the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock valued at $477,000 after buying an additional 14,972 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Aspen Group by 18.2% during the 2nd quarter. O Brien Greene & Co. Inc now owns 130,000 shares of the technology company’s stock valued at $494,000 after buying an additional 20,000 shares in the last quarter. Penbrook Management LLC lifted its position in Aspen Group by 20.5% in the 3rd quarter. Penbrook Management LLC now owns 130,010 shares of the technology company’s stock worth $674,000 after buying an additional 22,080 shares during the last quarter. Finally, Penn Capital Management Co. Inc. lifted its position in Aspen Group by 15.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 615,034 shares of the technology company’s stock worth $2,337,000 after buying an additional 84,177 shares during the last quarter. 28.66% of the stock is owned by institutional investors and hedge funds.
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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