Aspen Aerogels (NYSE:ASPN) Shares Gap Up – Should You Buy?

Aspen Aerogels, Inc. (NYSE:ASPN)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $11.88, but opened at $12.29. Aspen Aerogels shares last traded at $12.43, with a volume of 296,604 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on ASPN. Piper Sandler cut their price target on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and set a $30.00 target price on shares of Aspen Aerogels in a research note on Wednesday, October 16th. Roth Mkm dropped their price target on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Barclays dropped their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Aspen Aerogels has an average rating of “Moderate Buy” and an average target price of $30.00.

Aspen Aerogels Price Performance

The firm has a market capitalization of $1.07 billion, a PE ratio of 1,303.30 and a beta of 2.14. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $14.46 and a 200 day moving average price of $21.14.

Institutional Trading of Aspen Aerogels

Several institutional investors and hedge funds have recently bought and sold shares of ASPN. Point72 Hong Kong Ltd acquired a new position in Aspen Aerogels in the second quarter valued at $84,000. Quent Capital LLC purchased a new position in Aspen Aerogels during the third quarter worth about $118,000. Point72 DIFC Ltd acquired a new stake in shares of Aspen Aerogels in the 2nd quarter valued at approximately $121,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Aspen Aerogels in the 2nd quarter valued at about $145,000. Finally, nVerses Capital LLC boosted its stake in shares of Aspen Aerogels by 45.0% during the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock worth $161,000 after acquiring an additional 1,800 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.