Aspen Aerogels (NYSE:ASPN) Shares Gap Up – What’s Next?

Aspen Aerogels, Inc. (NYSE:ASPN)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $22.40, but opened at $23.06. Aspen Aerogels shares last traded at $22.46, with a volume of 639,641 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. HC Wainwright upped their price target on shares of Aspen Aerogels from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. Craig Hallum boosted their price objective on Aspen Aerogels from $33.00 to $38.00 and gave the company a “buy” rating in a report on Friday, June 14th. Benchmark reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Aspen Aerogels in a research report on Thursday, August 8th. Roth Mkm reiterated a “buy” rating and set a $36.00 target price on shares of Aspen Aerogels in a research report on Wednesday, August 21st. Finally, B. Riley upgraded shares of Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, June 25th. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.70.

Aspen Aerogels Trading Down 0.1 %

The stock has a market capitalization of $1.70 billion, a P/E ratio of -50.59 and a beta of 2.16. The stock’s 50 day moving average price is $25.56 and its 200-day moving average price is $24.12. The company has a quick ratio of 2.82, a current ratio of 3.46 and a debt-to-equity ratio of 0.23.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Wednesday, August 7th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. Aspen Aerogels had a return on equity of 0.74% and a net margin of 0.39%. The business had revenue of $117.80 million for the quarter, compared to the consensus estimate of $101.99 million. During the same period last year, the business posted ($0.22) EPS. The business’s revenue was up 144.4% compared to the same quarter last year. As a group, equities research analysts expect that Aspen Aerogels, Inc. will post 0.21 earnings per share for the current year.

Insider Activity

In other Aspen Aerogels news, 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 value of $978,495.10. Following the transaction, the chief financial officer now directly owns 20,790 shares of the company’s stock, valued at approximately $626,610.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Ricardo C. Rodriguez sold 32,465 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $30.14, for a total transaction of $978,495.10. Following the transaction, the chief financial officer now owns 20,790 shares in the company, valued at $626,610.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Donald R. Young sold 63,355 shares of the stock in a transaction that occurred 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 $14,523,709.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sanders Morris Harris LLC acquired a new position in Aspen Aerogels in the 3rd quarter worth approximately $222,000. Strategic Wealth Partners Ltd. boosted its holdings in shares of Aspen Aerogels by 93.3% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 75,182 shares of the construction company’s stock valued at $2,082,000 after acquiring an additional 36,278 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Aspen Aerogels in the third quarter worth $118,000. SG Americas Securities LLC purchased a new position in shares of Aspen Aerogels during the third quarter worth $379,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Aspen Aerogels by 66.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,591 shares of the construction company’s stock valued at $1,922,000 after purchasing an additional 32,243 shares during the period. 97.64% of the stock is currently owned by hedge funds and other 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.