Aspen Group Inc (ASPU) Gets a Buy Rating from Roth Capital
Roth Capital analyst Darren Aftahi maintained a Buy rating on Aspen Group Inc (ASPU) yesterday and set a price target of $9.50. The company’s shares closed on Friday at $4.67.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.7% and a 51.6% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aspen Group Inc with a $9.50 average price target.
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Based on Aspen Group Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $1.61 million. In comparison, last year the company had a GAAP net loss of $3.66 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASPU in relation to earlier this year.
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Aspen Group, Inc. is a holding company, which engages in the provision of education. It operates through its subsidiary Aspen University and United States University.