Aspen Aerogels (NYSE:ASPN) Trading Down 5.1%

Aspen Aerogels, Inc. (NYSE:ASPN)’s stock price dropped 5.1% on Friday . The company traded as low as $23.27 and last traded at $23.47. Approximately 888,065 shares were traded during trading, a decline of 23% from the average daily volume of 1,151,613 shares. The stock had previously closed at $24.72.

Analyst Upgrades and Downgrades

ASPN has been the subject of a number of research reports. Canaccord Genuity Group upped their target price on shares of Aspen Aerogels from $18.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. HC Wainwright upped their target price on shares of Aspen Aerogels from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. TD Cowen upped their target price on shares of Aspen Aerogels from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler upped their price target on shares of Aspen Aerogels from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Finally, TheStreet raised shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Aspen Aerogels has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Aspen Aerogels Trading Down 3.5 %

The firm has a market cap of $1.82 billion, a PE ratio of -54.20 and a beta of 2.29. The company has a quick ratio of 3.29, a current ratio of 4.01 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $25.91 and its two-hundred day moving average price is $18.84.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Wednesday, May 1st. The construction company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.14. Aspen Aerogels had a negative net margin of 10.73% and a negative return on equity of 6.35%. The business had revenue of $94.50 million for the quarter, compared to the consensus estimate of $73.04 million. As a group, sell-side analysts forecast that Aspen Aerogels, Inc. will post 0.19 EPS for the current year.

Insider Activity

In other news, SVP Corby C. Whitaker sold 55,159 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $25.01, for a total value of $1,379,526.59. Following the sale, the senior vice president now owns 131,533 shares of the company’s stock, valued at $3,289,640.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Keith L. Schilling sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $26.84, for a total value of $536,800.00. Following the transaction, the senior vice president now owns 28,792 shares of the company’s stock, valued at approximately $772,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Corby C. Whitaker sold 55,159 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $25.01, for a total transaction of $1,379,526.59. Following the completion of the transaction, the senior vice president now directly owns 131,533 shares in the company, valued at approximately $3,289,640.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,832,103 shares of company stock valued at $91,679,369. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASPN. Banque Cantonale Vaudoise grew its holdings in Aspen Aerogels by 37.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,252 shares in the last quarter. McAdam LLC bought a new position in Aspen Aerogels during the 4th quarter worth about $191,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aspen Aerogels by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock worth $205,000 after acquiring an additional 3,607 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in Aspen Aerogels during the 4th quarter worth about $230,000. Finally, Virtu Financial LLC bought a new position in Aspen Aerogels during the 1st quarter worth about $246,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

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.