Aspen Aerogels (NYSE:ASPN) Cut to “Hold” at Seaport Res Ptn

Aspen Aerogels (NYSE:ASPN) was downgraded by equities research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Roth Mkm lowered 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. StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research note on Saturday, February 8th. Canaccord Genuity Group reduced their price target on Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler reduced their price target on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Finally, HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Aspen Aerogels in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.11.

Aspen Aerogels Trading Down 23.7 %

NYSE ASPN opened at $8.97 on Wednesday. The firm has a market cap of $735.58 million, a P/E ratio of 897.40 and a beta of 2.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The stock’s 50-day moving average is $12.36 and its 200-day moving average is $18.63. Aspen Aerogels has a one year low of $8.43 and a one year high of $33.15.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 5.06% and a net margin of 0.36%. Sell-side analysts anticipate that Aspen Aerogels will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aspen Aerogels

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Aspen Aerogels by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock valued at $51,800,000 after acquiring an additional 226,251 shares during the last quarter. FMR LLC increased its position in shares of Aspen Aerogels by 23.6% during the third quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after acquiring an additional 773,647 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Aspen Aerogels by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock valued at $23,983,000 after acquiring an additional 409,862 shares during the last quarter. Telemark Asset Management LLC increased its position in shares of Aspen Aerogels by 26.8% during the fourth quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company’s stock valued at $22,482,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Aspen Aerogels by 22.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock valued at $44,839,000 after acquiring an additional 300,076 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

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.