Aspen Group Inc (NASDAQ:ASPU) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC trimmed its holdings in Aspen Group Inc (NASDAQ:ASPU) by 12.2% in the third quarter, HoldingsChannel.com reports. The firm owned 16,220 shares of the technology company’s stock after selling 2,244 shares during the quarter. FNY Investment Advisers LLC’s holdings in Aspen Group were worth $84,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connors Investor Services Inc. boosted its holdings in Aspen Group by 21.4% in the second quarter. Connors Investor Services Inc. now owns 35,200 shares of the technology company’s stock valued at $134,000 after purchasing an additional 6,200 shares in the last quarter. Falcon Point Capital LLC boosted its holdings in shares of Aspen Group by 9.2% in the second quarter. Falcon Point Capital LLC now owns 90,754 shares of the technology company’s stock valued at $345,000 after acquiring an additional 7,636 shares during the period. Penbrook Management LLC boosted its holdings in shares of Aspen Group by 5.0% in the second quarter. Penbrook Management LLC now owns 107,930 shares of the technology company’s stock valued at $410,000 after acquiring an additional 5,150 shares during the period. BlackRock Inc. boosted its holdings in shares of Aspen Group by 13.6% in the second quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock valued at $477,000 after acquiring an additional 14,972 shares during the period. Finally, O Brien Greene & Co. Inc boosted its holdings in shares of Aspen Group by 18.2% in the second quarter. O Brien Greene & Co. Inc now owns 130,000 shares of the technology company’s stock valued at $494,000 after acquiring an additional 20,000 shares during the period. 30.00% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. Roth Capital set a $10.00 price target on Aspen Group and gave the stock a “buy” rating in a report on Wednesday, September 4th. Canaccord Genuity assumed coverage on Aspen Group in a report on Monday, September 9th. They set a “buy” rating and a $8.00 price target for the company. ValuEngine downgraded Aspen Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut Aspen Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 12th. Finally, Lake Street Capital set a $10.00 price objective on Aspen Group and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $8.13.

Shares of NASDAQ:ASPU opened at $6.18 on Tuesday. The stock’s 50-day moving average price is $5.39 and its two-hundred day moving average price is $4.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.40 and a quick ratio of 2.40. Aspen Group Inc has a 12-month low of $3.58 and a 12-month high of $6.49.

Aspen Group (NASDAQ:ASPU) last released its quarterly earnings data on Monday, September 9th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $10.36 million during the quarter, compared to analyst estimates of $10.06 million. Aspen Group had a negative net margin of 22.92% and a negative return on equity of 31.68%. Analysts expect that Aspen Group Inc will post -0.3 earnings per share for the current fiscal year.

Aspen Group Profile

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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Institutional Ownership by Quarter for Aspen Group (NASDAQ:ASPU)

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