Aspen Aerogels, Inc. (ASPN) – What Are Researchers Saying About This Stock?

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.94.

A number of research firms have recently issued reports on ASPN. Wall Street Zen raised shares of Aspen Aerogels from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Aspen Aerogels in a research note on Monday, September 21st. B. Riley Financial restated a “buy” rating on shares of Aspen Aerogels in a research report on Friday, August 7th. Roth Capital restated a “buy” rating and set a $7.75 price target on shares of Aspen Aerogels in a research report on Friday, August 7th. Finally, Barclays lifted their price target on Aspen Aerogels from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 11th.

Insider Activity at Aspen Aerogels

In related news, major shareholder Wood River Capital, Llc sold 12,280,426 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $4.73, for a total transaction of $58,086,414.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.96% of the company’s stock.

Institutional Trading of Aspen Aerogels

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its stake in Aspen Aerogels by 6.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,050 shares of the construction company’s stock worth $203,000 after purchasing an additional 2,000 shares during the period. Royal Bank of Canada boosted its stake in shares of Aspen Aerogels by 95.8% during the first quarter. Royal Bank of Canada now owns 8,523 shares of the construction company’s stock valued at $29,000 after purchasing an additional 4,169 shares during the period. Legal & General Group Plc purchased a new stake in shares of Aspen Aerogels during the second quarter valued at approximately $44,000. Pallas Capital Advisors LLC bought a new position in shares of Aspen Aerogels in the second quarter worth approximately $69,000. Finally, Equitable Holdings Inc. bought a new position in shares of Aspen Aerogels in the second quarter worth approximately $88,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Trading Up 7.2%

Shares of Aspen Aerogels stock opened at $5.14 on Friday. Aspen Aerogels has a 1 year low of $2.30 and a 1 year high of $8.10. The firm has a market cap of $426.98 million, a PE ratio of -3.36 and a beta of 3.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.52 and a quick ratio of 2.24. The company has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $4.70.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Thursday, November 5th. The construction company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.20. The business had revenue of $85.18 million during the quarter, compared to analysts’ expectations of $72.07 million. Aspen Aerogels had a negative net margin of 62.45% and a negative return on equity of 31.12%. Analysts expect that Aspen Aerogels will post -0.69 earnings per share for the current fiscal year.

About Aspen Aerogels

Aspen Aerogels, Inc is an advanced materials company that develops, manufactures and sells aerogel-based products. Aerogels are highly porous materials used for thermal management, insulation and protection. The company serves customers in the energy, industrial, transportation and building materials markets.

Its product portfolio includes thermal barriers designed to help protect electric vehicle batteries from thermal runaway, as well as insulation products for industrial, energy infrastructure and building applications.