Aspen Group (ASPU) Rating Reiterated by Taglich Brothers

Taglich Brothers restated their speculative buy rating on shares of Aspen Group (NASDAQ:ASPU) in a report issued on Tuesday, December 19th. Taglich Brothers also issued estimates for Aspen Group’s Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.10) EPS, FY2018 earnings at ($0.36) EPS, Q1 2019 earnings at ($0.15) EPS, Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at ($0.01) EPS and FY2019 earnings at ($0.33) EPS.

Several other research analysts have also recently issued reports on ASPU. Zacks Investment Research cut shares of Aspen Group from a hold rating to a sell rating in a report on Thursday, December 14th. Roth Capital raised their target price on shares of Aspen Group from $9.60 to $12.25 and gave the stock a buy rating in a report on Thursday, December 14th.

Aspen Group (ASPU) traded down $0.26 during mid-day trading on Tuesday, hitting $8.51. 63,356 shares of the company’s stock traded hands, compared to its average volume of 52,049. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.12 and a quick ratio of 3.12. Aspen Group has a 52-week low of $3.05 and a 52-week high of $9.61. The stock has a market capitalization of $125.02, a P/E ratio of -56.73 and a beta of -0.17.

Institutional investors have recently modified their holdings of the company. P.A.W. Capital Corp bought a new position in shares of Aspen Group in the third quarter worth approximately $1,570,000. Unterberg Capital LLC bought a new position in shares of Aspen Group in the third quarter worth approximately $2,355,000. Finally, Royce & Associates LP bought a new position in shares of Aspen Group in the third quarter worth approximately $553,000. Hedge funds and other institutional investors own 5.92% of the company’s stock.

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Aspen Group Company Profile

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

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