Aspen Aerogels, Inc. (NYSE:ASPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, August 9th. The brokerage presently has a $5.25 price target on the construction company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 23.53% from the company’s previous close.
According to Zacks, “Aspen Aerogels, Inc. is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities. The Company offers insulation for high temperature steam pipes, vessels, and equipment. Aspen serves petrochemical, refinery, industrial, and power generation sectors. It manufactures Cryogel (R), Pyrogel (R) and Spaceloft (R) products. Aspen Aerogels, Inc. is headquartered in Northborough, Massachusetts. “
A number of other analysts also recently weighed in on ASPN. Citigroup Inc. upped their target price on shares of Aspen Aerogels from $4.50 to $4.75 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. ValuEngine downgraded shares of Aspen Aerogels from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.50.
Shares of Aspen Aerogels (NYSE ASPN) traded down 0.47% on Wednesday, hitting $4.25. 33,093 shares of the stock were exchanged. The company has a 50-day moving average price of $4.54 and a 200 day moving average price of $4.30. Aspen Aerogels has a 12 month low of $3.61 and a 12 month high of $6.71. The company’s market cap is $87.47 million.
Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, August 3rd. The construction company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.01. The firm had revenue of $25.10 million for the quarter, compared to the consensus estimate of $24.79 million. Aspen Aerogels had a negative net margin of 22.22% and a negative return on equity of 20.95%. The company’s revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. Equities analysts forecast that Aspen Aerogels will post ($0.86) EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Aspen Aerogels by 0.5% in the second quarter. Vanguard Group Inc. now owns 582,689 shares of the construction company’s stock worth $2,592,000 after buying an additional 3,158 shares during the last quarter. Heartland Advisors Inc. increased its stake in shares of Aspen Aerogels by 0.8% in the second quarter. Heartland Advisors Inc. now owns 927,066 shares of the construction company’s stock worth $4,125,000 after buying an additional 7,066 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Aspen Aerogels by 1.1% in the second quarter. Tocqueville Asset Management L.P. now owns 856,055 shares of the construction company’s stock worth $3,809,000 after buying an additional 9,400 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its position in shares of Aspen Aerogels by 27.3% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 71,412 shares of the construction company’s stock valued at $296,000 after buying an additional 15,315 shares during the period. Finally, Spark Investment Management LLC boosted its position in shares of Aspen Aerogels by 186.0% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the construction company’s stock valued at $126,000 after buying an additional 19,900 shares during the period. 75.25% of the stock is currently owned by hedge funds and other institutional investors.
Aspen Aerogels Company Profile
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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