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

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

Several other research analysts also recently commented on ASPN. StockNews.com raised Aspen Aerogels to a “sell” rating in a research report on Saturday, February 8th. 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. Roth Mkm dropped their price target on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their price objective on Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.11.

Aspen Aerogels Stock Down 23.7 %

Shares of ASPN stock opened at $8.97 on Wednesday. The stock’s 50 day simple moving average is $12.36 and its 200 day simple moving average is $18.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. Aspen Aerogels has a twelve month low of $8.43 and a twelve month high of $33.15. The company has a market capitalization of $735.58 million, a price-to-earnings ratio of 897.40 and a beta of 2.14.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share 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, research analysts predict that Aspen Aerogels will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Aspen Aerogels

Large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new position in shares of Aspen Aerogels during the third quarter valued at $10,126,000. Oppenheimer & Co. Inc. increased its holdings in Aspen Aerogels by 167.2% in the third quarter. Oppenheimer & Co. Inc. now owns 102,535 shares of the construction company’s stock valued at $2,839,000 after purchasing an additional 64,154 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in Aspen Aerogels by 337.5% in the fourth quarter. Sanders Morris Harris LLC now owns 35,000 shares of the construction company’s stock valued at $436,000 after purchasing an additional 27,000 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Aspen Aerogels in the third quarter valued at about $1,342,000. Finally, Geode Capital Management LLC increased its holdings in Aspen Aerogels by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after purchasing an additional 75,024 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

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.