Aspen Group Inc (NASDAQ:ASPU) Director C James Jensen sold 13,836 shares of Aspen Group stock in a transaction on Monday, January 6th. The shares were sold at an average price of $7.86, for a total value of $108,750.96. Following the completion of the transaction, the director now owns 193,608 shares in the company, valued at $1,521,758.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
C James Jensen also recently made the following trade(s):
- On Friday, January 3rd, C James Jensen sold 42,181 shares of Aspen Group stock. The shares were sold at an average price of $8.03, for a total value of $338,713.43.
Shares of ASPU stock opened at $7.86 on Friday. Aspen Group Inc has a 1-year low of $3.58 and a 1-year high of $8.32. The stock’s fifty day moving average price is $7.39 and its 200 day moving average price is $5.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.
Aspen Group (NASDAQ:ASPU) last announced its earnings results on Tuesday, December 10th. The technology company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. Aspen Group had a negative return on equity of 25.81% and a negative net margin of 16.23%. The firm had revenue of $12.09 million for the quarter, compared to the consensus estimate of $11.61 million. Sell-side analysts expect that Aspen Group Inc will post -0.22 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in ASPU. Penn Capital Management Co. Inc. grew its stake in Aspen Group by 15.9% during 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. BlackRock Inc. grew its stake in Aspen Group by 13.6% during the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock worth $477,000 after buying an additional 14,972 shares during the last quarter. Connors Investor Services Inc. grew its stake in Aspen Group by 21.4% during the 2nd quarter. Connors Investor Services Inc. now owns 35,200 shares of the technology company’s stock worth $134,000 after buying an additional 6,200 shares during the last quarter. O Brien Greene & Co. Inc grew its stake in 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 worth $494,000 after buying an additional 20,000 shares during the last quarter. Finally, Penbrook Management LLC grew its stake in Aspen Group by 20.5% during 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. Hedge funds and other institutional investors own 28.66% of the company’s stock.
ASPU has been the topic of a number of analyst reports. Northland Securities initiated coverage on Aspen Group in a report on Monday, November 4th. They issued an “outperform” rating and a $10.00 price target on the stock. Canaccord Genuity boosted their target price on Aspen Group from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Zacks Investment Research downgraded Aspen Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine downgraded Aspen Group from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Aspen Group currently has an average rating of “Buy” and a consensus target price of $9.70.
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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