Aspen Aerogels, Inc. (NYSE:ASPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $5.25 target price on the construction company’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.90% from the company’s previous close.

According to Zacks, “Aspen Aerogels, Inc. is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities. The Company offers insulation for high temperature steam pipes, vessels, and equipment. Aspen serves petrochemical, refinery, industrial, and power generation sectors. It manufactures Cryogel (R), Pyrogel (R) and Spaceloft (R) products. Aspen Aerogels, Inc. is headquartered in Northborough, Massachusetts. “

A number of other research analysts have also weighed in on the company. Citigroup Inc. raised their price objective on Aspen Aerogels from $4.50 to $4.75 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. ValuEngine lowered Aspen Aerogels from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.50.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.01. The business had revenue of $25.10 million during the quarter, compared to analyst estimates of $24.79 million. Aspen Aerogels had a negative return on equity of 20.95% and a negative net margin of 22.22%. Aspen Aerogels’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) EPS.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. raised its position in Aspen Aerogels by 0.8% in the second quarter. Heartland Advisors Inc. now owns 927,066 shares of the construction company’s stock valued at $4,125,000 after buying an additional 7,066 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in Aspen Aerogels by 1.1% in the second quarter. Tocqueville Asset Management L.P. now owns 856,055 shares of the construction company’s stock valued at $3,809,000 after buying an additional 9,400 shares in the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Aspen Aerogels by 27.3% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 71,412 shares of the construction company’s stock valued at $296,000 after buying an additional 15,315 shares in the last quarter. Spark Investment Management LLC raised its position in Aspen Aerogels by 186.0% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the construction company’s stock valued at $126,000 after buying an additional 19,900 shares in 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 valued at $1,089,000 after buying an additional 29,200 shares in the last quarter. Institutional investors own 74.27% of the company’s stock.

Aspen Aerogels Company Profile

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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