(NASDAQ: ASPU): Nine Brokerages Give Aspen Group, Inc. A “Buy” Rating

ASPU
ASPU

Aspen Group, Inc. (NASDAQ: ASPU) recently received the rating of “Buy” after a consensus from analysts of nine brokerages covering this stock.

Among the nine analysts’ ratings, three have given out a rating of “Hold”, and another three brokerages have rated the company as “Buy”. The 52-week target price as set by these brokerages stand at $14.20.

Aspen Group, Inc. is an education technology holding company that influences its infrastructure and expertise to allow the two universities under its umbrella, namely, Aspen University and United States University, to deliver on the vision of making college affordable again.

ASPU stocks traded at $11.13 this Friday. The company’ current market capitalization stands at $272.13 million. It has a negative PE ratio of 29.29 along with a beta of 0.85 at the moment. The 12-monthly high to low ranges from $13.16 to $4.65. The 50SMA (50 Days Simple Moving Average) stands at $11.16 and its 200SMA stands at $10.72.

Aspen Group, Inc. (NASDAQ: ASPU) Stock Analysis

The quarterly earnings report for the previous quarter was released on the 14th of December. The earnings stood at $0.05 EPS that matched the general consensus of $0.05 proposed by Thomson Reuters’ analysts. The company’s return on equity stands at -11.93% along with the net margin of 14.06%. The estimated income for the firm was marked at $15.49 million but it made $16.97 million for the quarter. Expert analysts further expect that the company will post its FY2020 earnings of -0.24 per share.

NASDAQ: ASPU has recently been the subject of a lot of reports by research analysts. Some such as Zacks Investment Research, ValuEngine, BidAskClub, B. Riley, and so on have posted reports on this company over the last few months. Several hedge funds and institutional investors have also been involved in buying and selling of ASPU shares recently.

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