Aspen Group Inc (ASPU) Receives a Buy from Roth Capital

Roth Capital analyst Darren Aftahi maintained a Buy rating on Aspen Group Inc (ASPU) yesterday and set a price target of $10. The company’s shares closed last Monday at $5.06.

Aftahi noted:

“We also note that significant q/q improvement in cash flow from operations burn has us equally encouraged. Its preliminary FY21 topline guide of “at least 30% growth” suggests the story has real legs, in our opinion, and we believe shares are much too cheap at ~EV/’FY21E revenues of ~1.6x. PT to $10.”

According to, Aftahi is a 5-star analyst with an average return of 11.9% and a 45.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Currently, the analyst consensus on Aspen Group Inc is a Moderate Buy with an average price target of $8.75, representing a 75.4% upside. In a report released yesterday, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $8 price target.

See today’s analyst top recommended stocks >>

Based on the recent corporate insider activity of 49 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. Most recently, in July 2019, Andrew Kaplan, a Director at ASPU bought 15,105 shares for a total of $32,596.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts