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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Research Update Released (Dated 09/20/2017)

Symbol: ASPU
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $8.35
Time Horizon: 12 Months
Rating Established: January 19, 2016
Price When Established: $0.13
Most Recent Report: September 20, 2017
Price When Issued: $6.21

What's New

Aspen Group Reports Record 1Q18 Enrollments

On November 15, 2017, Aspen Group reported its Aspen University subsidiary achieved a record number of enrollments (1,255) for 2Q18 (ended October 31, 2017).

In 2Q18 enrollments increased 55% to 1,025 from 811 in 1Q17. Sequentially the enrollment increase was 22% from 1Q18.

Aspen’s active student body reached 5,641 in 2Q18, up from 3,726 in the year-ago period.

Aspen Group Receives Approval to Acquire United States University

On November 13, 2017, Aspen Group, Inc. announced it received approval of its change of ownership application from the WASC Senior College and University Commission to complete the acquisition of United States University (USU), a regionally accredited for-profit university based in San Diego, California.

USU has filed change of ownership documentation with the Department of Education, state regulatory and programmatic accreditation bodies.

Aspen Group is targeting to close the acquisition of USU on or about December 1, 2017.

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 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)


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