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Report Link: Research Update Released (Dated 12/19/2017)

Symbol: ASPU
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $10.00
Time Horizon: 12 Months
Rating Established: January 19, 2016
Price When Established: $0.13
Most Recent Report: March 29, 2018
Price When Issued: $7.05

What's New

ASPU Increases 4Q18 Revenue Guidance and Raises Capital

On April 19, Aspen Group increased is revenue for its fourth quarter of fiscal 2018, ended April 30, 2018.

ASPU expects to report revenues increased nearly 68% to at least $7.2 million, from $4.3 million in the year-ago period. On March 15, 2018, the company had issued revenue guidance of $6.7 million. The increase in its revenue guidance reflects April 2018 class starts at Aspen University and United States University.

Our current forecast calls for 4Q18 revenue of $6.7 million.

The company announced it raised capital through a public offering 2.8 million of newly issued common stock at $7.15 per share for gross proceeds of approximately $20 million. The offering is expected to close on April 23, 2018, subject to customary closing conditions. Management indicated the proceeds would be used for general corporate purposes and working capital.

Company Description

Aspen Group, Inc., headquartered in Denver, Colorado, provides online postsecondary education through its Aspen University subsidiary. ASPU’s mission is to provide a quality, responsibly priced distance-learning education with a top-tier faculty - 60% of adjunct-professors hold doctoral degrees. The company offers certificate programs and associate, bachelor, master and doctoral degree programs in nursing, business, education, technology, and professional studies. ASPU’s school of nursing is its fastest growing program with 48% of full-time degree seeking students enrolled in one of its nursing programs in 2Q16 compared to 36% in the year-ago period.

Company Reports

Updated Research Report (Dated 03/29/2018)

Updated Research Report (Dated 12/19/2017)

Updated Research Report (Dated 09/20/2017)

Updated Research Report (Dated 08/08/2017)

Research Note Released (Dated 06/08/2017)

Updated Research Report (Dated 03/17/2017)

Research Note Released (Dated 02/10/2017)

Updated Research Report (Dated 01/06/2017)

Updated Research Report (Dated 09/28/2016)

Updated Research Report (Dated 08/09/2016)

Updated Research Report (Dated 03/17/2016)

Initial Research Report (Dated 01/19/2016)


Please view our current disclosure and disclaimer on our most recent research report.