Aspen Aerogels, Inc. (NYSE:ASPN) Receives $19.11 Average PT from Analysts

Aspen Aerogels, Inc. (NYSE:ASPN) has earned a consensus rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.11.

Several equities research analysts recently commented on the company. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. B. Riley dropped their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Canaccord Genuity Group decreased their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Barclays dropped their price target on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Craig Hallum decreased their price objective on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

Aspen Aerogels Price Performance

ASPN opened at $5.33 on Friday. Aspen Aerogels has a 52-week low of $5.00 and a 52-week high of $33.15. The company has a 50 day moving average of $8.36 and a two-hundred day moving average of $13.83. The company has a market cap of $437.21 million, a P/E ratio of 33.28 and a beta of 2.35. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. On average, analysts expect that Aspen Aerogels will post 0.17 earnings per share for the current year.

Institutional Investors Weigh In On Aspen Aerogels

A number of institutional investors have recently modified their holdings of ASPN. Lord Abbett & CO. LLC bought a new stake in Aspen Aerogels in the third quarter valued at about $10,126,000. Sanders Morris Harris LLC grew its position in shares of Aspen Aerogels by 337.5% in the 4th quarter. Sanders Morris Harris LLC now owns 35,000 shares of the construction company’s stock worth $436,000 after acquiring an additional 27,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Aspen Aerogels by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after acquiring an additional 75,024 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Aspen Aerogels by 153.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 399,534 shares of the construction company’s stock valued at $11,063,000 after acquiring an additional 241,741 shares in the last quarter. Finally, Barclays PLC lifted its stake in Aspen Aerogels by 333.8% during the third quarter. Barclays PLC now owns 92,302 shares of the construction company’s stock worth $2,557,000 after purchasing an additional 71,024 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

About Aspen Aerogels

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.