Aspen Aerogels (NYSE:ASPN) Trading Down 4.9% Following Analyst Downgrade

Aspen Aerogels, Inc. (NYSE:ASPN) traded down 4.9% during trading on Friday after Roth Mkm lowered their price target on the stock from $22.00 to $16.00. Roth Mkm currently has a buy rating on the stock. Aspen Aerogels traded as low as $8.54 and last traded at $8.56. 1,276,875 shares were traded during trading, a decline of 35% from the average session volume of 1,978,913 shares. The stock had previously closed at $9.00.

Several other research analysts have also weighed in on the company. Barclays dropped their price target on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Seaport Res Ptn lowered Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Craig Hallum dropped their price target on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler dropped their price target on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Aspen Aerogels to a “sell” rating in a research report on Saturday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Aspen Aerogels by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock valued at $51,800,000 after acquiring an additional 226,251 shares during the last quarter. FMR LLC increased its holdings in shares of Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after acquiring an additional 773,647 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Aspen Aerogels by 25.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock valued at $23,983,000 after acquiring an additional 409,862 shares during the last quarter. Telemark Asset Management LLC increased its holdings in shares of Aspen Aerogels by 26.8% during the 4th quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company’s stock valued at $22,482,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Aspen Aerogels by 22.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock valued at $44,839,000 after acquiring an additional 300,076 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

Aspen Aerogels Stock Performance

The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The firm has a market cap of $711.02 million, a price-to-earnings ratio of 867.47 and a beta of 2.14. The stock has a fifty day moving average price of $12.27 and a 200 day moving average price of $18.56.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 5.06% and a net margin of 0.36%. As a group, analysts predict that Aspen Aerogels, Inc. will post 0.12 earnings per share for the current year.

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.