Aspen Aerogels (NYSE:ASPN) Given New $25.00 Price Target at Barclays

Aspen Aerogels (NYSE:ASPN) had its price target lowered by Barclays from $27.00 to $25.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other research analysts have also recently issued reports on ASPN. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of Aspen Aerogels in a research report on Wednesday, October 16th. Roth Mkm reduced their target price on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 8th. Piper Sandler decreased their price target on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Benchmark reissued a “buy” rating and set a $14.00 price objective on shares of Aspen Aerogels in a research report on Thursday, August 8th. Finally, TD Cowen raised their target price on Aspen Aerogels from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.70.

Aspen Aerogels Price Performance

Shares of ASPN opened at $14.27 on Tuesday. The firm has a fifty day simple moving average of $22.23 and a two-hundred day simple moving average of $24.60. The firm has a market cap of $1.17 billion, a PE ratio of 1,474.47 and a beta of 2.21. The company has a current ratio of 2.93, a quick ratio of 2.82 and a debt-to-equity ratio of 0.27. Aspen Aerogels has a 1-year low of $9.89 and a 1-year high of $33.15.

Insider Buying and Selling

In related news, CEO Donald R. Young sold 63,355 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $30.03, for a total transaction of $1,902,550.65. Following the completion of the transaction, the chief executive officer now directly owns 483,640 shares of the company’s stock, valued at approximately $14,523,709.20. This trade represents a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ricardo C. Rodriguez sold 32,465 shares of Aspen Aerogels stock in a transaction on Monday, August 26th. The shares were sold at an average price of $30.14, for a total transaction of $978,495.10. Following the completion of the sale, the chief financial officer now owns 20,790 shares in the company, valued at approximately $626,610.60. This represents a 60.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aspen Aerogels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Aspen Aerogels during the second quarter valued at $84,000. nVerses Capital LLC purchased a new stake in shares of Aspen Aerogels during the 2nd quarter valued at about $95,000. Quent Capital LLC bought a new position in shares of Aspen Aerogels in the 3rd quarter valued at about $118,000. Point72 DIFC Ltd purchased a new position in Aspen Aerogels in the second quarter worth about $121,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Aspen Aerogels in the second quarter worth about $145,000. 97.64% of the stock is owned by institutional investors.

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.