Brokerages Set Aspen Aerogels, Inc. (NYSE:ASPN) PT at $19.11

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.11.

A number of research analysts recently weighed in on ASPN shares. Barclays cut their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Craig Hallum cut their target price on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, February 14th. TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. Canaccord Genuity Group cut their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, February 19th.

Institutional Trading of Aspen Aerogels

Institutional investors have recently bought and sold shares of the stock. Sandia Investment Management LP bought a new stake in shares of Aspen Aerogels during the fourth quarter worth $89,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Aspen Aerogels during the fourth quarter worth $129,000. AlphaQuest LLC lifted its position in shares of Aspen Aerogels by 54.0% during the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company’s stock worth $135,000 after purchasing an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Aspen Aerogels during the fourth quarter worth $164,000. Finally, Connors Investor Services Inc. bought a new stake in shares of Aspen Aerogels during the fourth quarter worth $168,000. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Trading Down 0.1 %

Shares of ASPN opened at $7.38 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. Aspen Aerogels has a 1 year low of $6.70 and a 1 year high of $33.15. The company has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $15.82. The firm has a market cap of $605.19 million, a P/E ratio of 46.10 and a beta of 2.28.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data 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 net margin of 2.95% and a return on equity of 7.49%. On average, equities analysts expect that Aspen Aerogels will post 0.17 earnings per share for the current fiscal year.

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.