Aspen Aerogels (NYSE:ASPN) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn downgraded shares of Aspen Aerogels (NYSE:ASPN) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Several other research firms also recently commented on ASPN. Canaccord Genuity Group decreased their price objective on shares of Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a report on Wednesday, October 16th. StockNews.com upgraded shares of Aspen Aerogels to a “sell” rating in a report on Saturday, February 8th. Barclays decreased their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Finally, Roth Mkm decreased their price objective on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.67.

Aspen Aerogels Price Performance

Shares of ASPN opened at $8.67 on Wednesday. The company has a market cap of $711.02 million, a price-to-earnings ratio of 867.47 and a beta of 2.14. Aspen Aerogels has a 1-year low of $8.25 and a 1-year high of $33.15. The company’s fifty day simple moving average is $12.27 and its 200 day simple moving average is $18.56. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 0.36% and a return on equity of 5.06%. On average, research analysts forecast that Aspen Aerogels will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aspen Aerogels

Several institutional investors and hedge funds have recently bought and sold shares of the company. Connors Investor Services Inc. bought a new stake in Aspen Aerogels during the fourth quarter worth about $168,000. Schonfeld Strategic Advisors LLC bought a new stake in Aspen Aerogels during the fourth quarter worth about $1,648,000. Northern Trust Corp lifted its position in Aspen Aerogels by 13.7% during the fourth quarter. Northern Trust Corp now owns 641,050 shares of the construction company’s stock worth $7,616,000 after purchasing an additional 77,364 shares during the period. Aquatic Capital Management LLC lifted its position in Aspen Aerogels by 67.0% during the fourth quarter. Aquatic Capital Management LLC now owns 117,212 shares of the construction company’s stock worth $1,392,000 after purchasing an additional 47,012 shares during the period. Finally, Nebula Research & Development LLC lifted its position in Aspen Aerogels by 184.7% during the fourth quarter. Nebula Research & Development LLC now owns 46,787 shares of the construction company’s stock worth $556,000 after purchasing an additional 30,352 shares during the period. Institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

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.