Aspen Aerogels, Inc. (NYSE:ASPN – Get Free Report) gapped down before the market opened on Tuesday after Piper Sandler lowered their price target on the stock from $36.00 to $33.00. The stock had previously closed at $21.33, but opened at $20.80. Piper Sandler currently has an overweight rating on the stock. Aspen Aerogels shares last traded at $20.37, with a volume of 2,210,768 shares traded.
Several other analysts have also weighed in on ASPN. Barclays assumed coverage on Aspen Aerogels in a report on Tuesday, August 6th. They issued an “overweight” rating and a $27.00 price objective for the company. B. Riley raised Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, June 25th. Roth Mkm reaffirmed a “buy” rating and set a $36.00 target price on shares of Aspen Aerogels in a report on Wednesday, August 21st. HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of Aspen Aerogels in a report on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $14.00 target price on shares of Aspen Aerogels in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Aspen Aerogels presently has an average rating of “Moderate Buy” and a consensus target price of $29.40.
Check Out Our Latest Research Report on ASPN
Insider Transactions at Aspen Aerogels
Institutional Investors Weigh In On Aspen Aerogels
Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Aspen Aerogels in the second quarter worth approximately $84,000. nVerses Capital LLC acquired a new stake in Aspen Aerogels in the second quarter worth approximately $95,000. Quent Capital LLC acquired a new stake in Aspen Aerogels in the third quarter worth approximately $118,000. Banque Cantonale Vaudoise lifted its position in Aspen Aerogels by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,252 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Aspen Aerogels in the second quarter worth approximately $121,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Aspen Aerogels Price Performance
The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -46.34 and a beta of 2.16. The company has a quick ratio of 2.82, a current ratio of 3.46 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $25.90 and a two-hundred day simple moving average of $24.51.
Aspen Aerogels (NYSE:ASPN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The construction company reported $0.21 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 company had revenue of $117.80 million during the quarter, compared to the consensus estimate of $101.99 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. The company’s quarterly revenue was up 144.4% compared to the same quarter last year. As a group, research analysts predict that Aspen Aerogels, Inc. will post 0.21 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.
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