Aspen Aerogels (NYSE:ASPN) Hits New 12-Month Low – Should You Sell?

Aspen Aerogels, Inc. (NYSE:ASPN) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.80 and last traded at $9.04, with a volume of 828294 shares changing hands. The stock had previously closed at $11.75.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group cut their price target on Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Roth Mkm cut their target price on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 8th. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Aspen Aerogels in a research report on Wednesday, October 16th. Barclays cut their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, Piper Sandler decreased their target price on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.11.

Aspen Aerogels Price Performance

The company has a 50-day moving average of $12.36 and a 200 day moving average of $18.63. The firm has a market cap of $710.64 million, a P/E ratio of 850.25 and a beta of 2.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 0.36% and a return on equity of 5.06%. On average, sell-side analysts anticipate that Aspen Aerogels, Inc. will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Aspen Aerogels

A number of large investors have recently bought and sold shares of ASPN. Vanguard Group Inc. lifted its position in shares of Aspen Aerogels by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock worth $51,800,000 after purchasing an additional 226,251 shares in the last quarter. FMR LLC lifted its position in shares of Aspen Aerogels by 23.6% in the third quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after buying an additional 773,647 shares during the last quarter. Telemark Asset Management LLC boosted its stake in shares of Aspen Aerogels by 26.8% during the 4th quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company’s stock worth $22,482,000 after acquiring an additional 400,000 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Aspen Aerogels by 22.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock worth $44,839,000 after acquiring an additional 300,076 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Aspen Aerogels by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 1,464,163 shares of the construction company’s stock valued at $17,398,000 after acquiring an additional 78,195 shares during the period. 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.