ValuEngine cut shares of Aspen Aerogels, Inc. (NYSE:ASPN) from a sell rating to a strong sell rating in a report published on Friday.

Several other brokerages have also weighed in on ASPN. Zacks Investment Research raised Aspen Aerogels from a sell rating to a hold rating in a report on Wednesday, July 5th. Citigroup Inc. increased their price objective on Aspen Aerogels from $4.50 to $4.75 and gave the company a neutral rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $7.25.

Shares of Aspen Aerogels (NYSE:ASPN) opened at 4.61 on Friday. The company has a 50-day moving average price of $4.40 and a 200 day moving average price of $4.28. Aspen Aerogels has a 1-year low of $3.61 and a 1-year high of $6.71. The company’s market capitalization is $94.88 million.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.29) by $0.10. Aspen Aerogels had a negative net margin of 17.89% and a negative return on equity of 16.60%. The firm had revenue of $23 million for the quarter, compared to the consensus estimate of $22.30 million. During the same period last year, the company posted ($0.08) earnings per share. Aspen Aerogels’s revenue for the quarter was down 29.9% on a year-over-year basis. Equities research analysts anticipate that Aspen Aerogels will post ($0.88) EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in Aspen Aerogels by 13.4% in the first quarter. Ameriprise Financial Inc. now owns 1,002,566 shares of the construction company’s stock worth $4,161,000 after buying an additional 118,491 shares during the last quarter. Heartland Advisors Inc. raised its position in Aspen Aerogels by 8.2% in the first quarter. Heartland Advisors Inc. now owns 920,000 shares of the construction company’s stock worth $3,818,000 after buying an additional 70,000 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Aspen Aerogels by 1.2% in the first quarter. Tocqueville Asset Management L.P. now owns 846,655 shares of the construction company’s stock worth $3,514,000 after buying an additional 10,000 shares during the last quarter. Royce & Associates LP raised its position in Aspen Aerogels by 39.6% in the first quarter. Royce & Associates LP now owns 413,924 shares of the construction company’s stock worth $1,718,000 after buying an additional 117,397 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Aspen Aerogels by 12.5% in the first quarter. Renaissance Technologies LLC now owns 262,500 shares of the construction company’s stock worth $1,089,000 after buying an additional 29,200 shares during the last quarter. 74.70% of the stock is owned by hedge funds and other institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.

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Analyst Recommendations for Aspen Aerogels (NYSE:ASPN)

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