Roth Capital analyst Darren Aftahi reiterated a Buy rating on Aspen Group (ASPU – Research Report) yesterday and set a price target of $11.00. The company’s shares closed last Tuesday at $5.36, close to its 52-week low of $4.70.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 39.1% and a 50.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Fathom Holdings, and Remark Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aspen Group with a $12.00 average price target.
Aspen Group’s market cap is currently $133.7M and has a P/E ratio of -12.70. The company has a Price to Book ratio of 3.79.
Based on the recent corporate insider activity of 35 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. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.