Aspen Aerogels (NYSE:ASPN) Upgraded at StockNews.com

StockNews.com upgraded shares of Aspen Aerogels (NYSE:ASPN) to a sell rating in a report released on Wednesday.

A number of other equities research analysts have also weighed in on ASPN. Roth Mkm reduced 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. Benchmark reiterated a “buy” rating and set a $14.00 price objective on shares of Aspen Aerogels in a research report on Thursday, August 8th. HC Wainwright restated a “buy” rating and issued a $30.00 target price on shares of Aspen Aerogels in a report on Wednesday, October 16th. Piper Sandler decreased their target price on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Finally, Barclays decreased their price target on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.70.

Aspen Aerogels Stock Performance

Shares of ASPN stock opened at $14.27 on Wednesday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 1,474.47 and a beta of 2.21. The company has a current ratio of 2.93, a quick ratio of 2.82 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $22.23 and its 200-day moving average price is $24.60. Aspen Aerogels has a 12 month low of $9.89 and a 12 month high of $33.15.

Insider Buying and Selling

In related news, CFO Ricardo C. Rodriguez sold 32,465 shares of the business’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 directly owns 20,790 shares in the company, valued at approximately $626,610.60. The trade was a 60.96 % 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 this link. Also, CEO Donald R. Young sold 63,355 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 483,640 shares of the company’s stock, valued at approximately $14,523,709.20. This trade represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aspen Aerogels

Several large investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of Aspen Aerogels by 333.8% in the 3rd quarter. Barclays PLC now owns 92,302 shares of the construction company’s stock worth $2,557,000 after buying an additional 71,024 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Aspen Aerogels in the third quarter valued at about $420,000. Kovitz Investment Group Partners LLC bought a new position in shares of Aspen Aerogels during the 3rd quarter valued at approximately $263,000. Wellington Management Group LLP purchased a new stake in shares of Aspen Aerogels during the 3rd quarter worth approximately $4,171,000. Finally, Sora Investors LLC bought a new stake in shares of Aspen Aerogels in the 3rd quarter worth approximately $3,461,000. 97.64% of the stock is owned by hedge funds and other 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.