Aspen Group reports 2,351 new student enrollments in Q1 » 09:1608/1008/10/20
Aspen Group announced a…
Aspen Group announced a quarterly record of 2,351 new student enrollments in the fiscal 2021 first quarter ending July 31, 2020, a sequential increase of 32%, and 22% year-over-year. Quarterly bookings increased sequentially by 39%, and by 34% year-over-year from $26.9 million to $36.1 million. Aspen University generated 1,779 new student enrollments in the first quarter of fiscal year 2021, up 26% over the prior year. The strong enrollment growth at Aspen University was a result of record quarterly enrollments in its Doctoral and BSN Pre-Licensure units.United States University also delivered record enrollments in the first quarter with 572 new student enrollments driven primarily by MSN-Family Nurse Practitioner enrollments, a 32% sequential increase.
|Over a week ago|
Fly Intel: Top five analyst initiations » 10:1107/1407/14/20
CVCO, ASPU, AUDC, RPTX, EQT
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cavco Industries (CVCO) initiated with a Neutral at Wedbush. 2. Aspen Group (ASPU) initiated with a Buy at B. Riley FBR. 3. AudioCodes (AUDC) initiated with a Buy at Jefferies. 4. Repare Therapeutics (RPTX) initiated with an Overweight at Morgan Stanley and Piper Sandler as well as a Neutral at Goldman Sachs. 5. EQT Corporation (EQT) reinitiated with an In Line at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Aspen Group appoints Doug Kass, Mike Koehneman to board of directors » 08:1907/1407/14/20
Aspen Group announced the…
Aspen Group announced the appointment of two new members to the company's board of directors, effective immediately. In addition to the new board member appointments, Malcolm MacLean IV resigned, effective immediately. Joining the board are Doug Kass and Mike Koehneman. Kass will serve on the Regulatory Committee, and Koehneman will serve on the Audit Committee and Corporate Governance Committee. These new appointments, along with the resignation of MacLean, bring Aspen's total board membership to eight, with six independent directors. Koehneman was Global Advisory COO and Human Capital Leader at PwC. Kass currently serves as a board member of MVC Capital and is the founder and president of Seabreeze Partners Management.
B. Riley FBR starts 'innovative' Aspen Group with Buy, $14 target » 07:3707/1407/14/20
B. Riley FBR analyst Raj…
B. Riley FBR analyst Raj Sharma initiated coverage of Aspen Group with a Buy rating and $14 price target. Aspen is an innovative for-profit education company and it a leader in customer acquisition strategies, pricing, and the use of technology, Sharma tells investors in a research note. The analyst expects Aspen to grow its revenue base significantly "given" the demand for qualified nurses and healthcare workers, "as many positions at hospitals go regularly unfilled."
Aspen Group initiated with a Buy at B. Riley FBR » 04:4007/1407/14/20
B. Riley FBR initiated…
B. Riley FBR initiated coverage of Aspen Group with a Buy rating and $14 price target.
|Over a month ago|
Fly Intel: After-Hours Movers » 18:4707/0707/07/20
GNMK, ASPU, SGH, FTI, ACRS, CERS, FLR, NXTC, VVV, SYNA, LEVI
Check out this evening's…
Aspen Group reports Q4 EPS (3c), consensus (5c) » 16:1907/0707/07/20
Reports Q4 revenue…
Reports Q4 revenue $14.1M, consensus $14.1M. Michael Mathews, chairman and CEO of Aspen Group, commented, "Fiscal year 2020 finished on a strong note delivering positive EBITDA in the fourth quarter on record revenue of $14.1 million and a reduction in operating loss of 75% compared to the prior year period. For the full year, revenue grew 44% and gross margin improved by 800 basis points due to a year-over-year decline in marketing expense as a percentage of revenue from 27% to 19%. Gross profit increased by $11.5 million, or 67% year-over-year, which means that 77% of our $15 million 2020 revenue increase dropped to the gross profit line. Gross profit is growing at a faster rate than revenue due to increased contribution from higher margin degrees, namely our pre-licensure BSN and MSN-Family Nurse Practitioner degree programs, and our increased marketing efficiency, as evidenced by our 10X+ Marketing Efficiency Ratio at both universities. The $5.2 million year-over-year increase of recurring G&A expense on revenue growth of $15 million meets our stated goal of growing annual G&A expense at 50% of our revenue growth. As a result, we narrowed our operating loss significantly and reduced net loss by $3.6 million for the full year, demonstrating the scale in our business with higher profit revenue streams and controlled operating expense growth. All these things combined demonstrate the Company is on a trajectory to achieve sustainable profitability."
Aspen Group announces affiliation partnership with A-APN » 08:2907/0707/07/20
Aspen Group announced an…
Aspen Group announced an affiliation partnership with American-Advanced Practice Network, or A-APN, a national clinical network for advanced practice nurses that provides health care and nursing services at its outpatient centers and clinical facilities throughout the U.S. A-APN offers independent nurse practitioners, or NPs, a multi-state network or "group practice without walls" with technology and business support.
Aspen Group to join Russell 2000 Index, Russell 3000 Index » 08:2506/1006/10/20
Aspen Group announced the…
Aspen Group announced the Company is set to join the small cap Russell 2000 Index and the broad-market Russell 3000 Index at the conclusion of the annual reconstitution of the Russell stock indexes, effective after the U.S. stock market opens June 29, 2020. b
Aspen Group price target raised to $14 from $11 at Lake Street » 08:4706/0306/03/20
Lake Street analyst Eric…
Lake Street analyst Eric Martinuzzi raised the firm's price target on Aspen Group to $14 from $11 and keeps a Buy rating on the shares after the company pre-announced revenue of $14.5M that was $1.0M ahead of consensus. Martinuzzi has raised his FY21 revenue estimate following the company's announcement and sees a long runway for growth as the company launches in new metro areas. He also notes that the company said enrollments across all programs have come back to pre-COVID-19 levels as of May.