Seaport Res Ptn Downgrades Aspen Aerogels (NYSE:ASPN) to Hold

Aspen Aerogels (NYSE:ASPN) was downgraded by stock analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

ASPN has been the topic of a number of other reports. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price target on shares of Aspen Aerogels in a research report on Wednesday, October 16th. Roth Mkm lowered their target price 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. Barclays cut their price target on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research note on Saturday, February 8th. Finally, Piper Sandler cut their target price on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Aspen Aerogels presently has an average rating of “Moderate Buy” and an average price target of $29.11.

Aspen Aerogels Trading Down 23.7 %

Shares of NYSE:ASPN opened at $8.97 on Wednesday. Aspen Aerogels has a 12-month low of $8.43 and a 12-month high of $33.15. The business has a 50 day moving average of $12.36 and a 200-day moving average of $18.63. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The stock has a market cap of $735.58 million, a PE ratio of 897.40 and a beta of 2.14.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that Aspen Aerogels will post 0.12 earnings per share for the current year.

Institutional Trading of Aspen Aerogels

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Aspen Aerogels by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock worth $23,983,000 after acquiring an additional 409,862 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Aspen Aerogels by 78.4% during the 4th quarter. First Trust Advisors LP now owns 492,507 shares of the construction company’s stock valued at $5,851,000 after purchasing an additional 216,452 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in Aspen Aerogels during the 4th quarter worth approximately $438,000. Jump Financial LLC lifted its stake in Aspen Aerogels by 144.5% in the 4th quarter. Jump Financial LLC now owns 239,895 shares of the construction company’s stock valued at $2,850,000 after purchasing an additional 141,795 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Aspen Aerogels in the fourth quarter valued at approximately $1,019,000. 97.64% of the stock is currently owned by institutional investors.

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.