Aspen Group, Inc. (NASDAQ:ASPU – Get Rating) Director Douglas Kass bought 50,000 shares of the firm's stock in a transaction dated Friday, September 23rd. The stock was purchased at an average cost of $0.43 per share, with a total value of $21,500.00. Following the transaction, the director now directly owns 173,000 shares in the company, valued at approximately $74,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Douglas Kass also recently made the following trade(s):
Get Aspen Group alerts:- On Monday, September 26th, Douglas Kass purchased 11,500 shares of Aspen Group stock. The stock was bought at an average price of $0.39 per share, for a total transaction of $4,485.00.
Aspen Group Stock Performance
Shares of Aspen Group stock traded down $0.05 during trading on Tuesday, reaching $0.33. 265,030 shares of the stock traded hands, compared to its average volume of 136,627. The business has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.99. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.38. Aspen Group, Inc. has a 52-week low of $0.33 and a 52-week high of $6.04.
Aspen Group (NASDAQ:ASPU – Get Rating) last released its quarterly earnings results on Tuesday, July 19th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $19.38 million for the quarter, compared to analyst estimates of $19.40 million. Aspen Group had a negative net margin of 16.32% and a negative return on equity of 26.84%. On average, equities research analysts anticipate that Aspen Group, Inc. will post -0.36 EPS for the current fiscal year.Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of ASPU. Long Focus Capital Management LLC acquired a new position in shares of Aspen Group in the fourth quarter worth about $2,186,000. Laidlaw Wealth Management LLC raised its position in shares of Aspen Group by 1.4% in the fourth quarter. Laidlaw Wealth Management LLC now owns 803,966 shares of the technology company's stock worth $1,897,000 after acquiring an additional 11,345 shares during the period. Potomac Capital Management Inc. raised its position in shares of Aspen Group by 18.5% in the first quarter. Potomac Capital Management Inc. now owns 233,000 shares of the technology company's stock worth $377,000 after acquiring an additional 36,300 shares during the period. Cruiser Capital Advisors LLC raised its position in shares of Aspen Group by 45.2% in the first quarter. Cruiser Capital Advisors LLC now owns 57,799 shares of the technology company's stock worth $94,000 after acquiring an additional 18,006 shares during the period. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of Aspen Group during the 1st quarter worth about $229,000. Institutional investors and hedge funds own 27.48% of the company's stock.
Analyst Ratings Changes
Several analysts recently weighed in on ASPU shares. Craig Hallum cut their price target on Aspen Group to $1.00 in a research note on Thursday, September 15th. Lake Street Capital downgraded Aspen Group from a "buy" rating to a "hold" rating in a research note on Wednesday, September 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $3.00.
Aspen Group Company Profile
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Aspen Group, Inc, an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University.
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