Aspen Aerogels, Inc. (NYSE:ASPN) Given Average Rating of “Buy” by Analysts

Shares of Aspen Aerogels, Inc. (NYSE:ASPNGet Rating) have received an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $29.70.

ASPN has been the topic of several recent analyst reports. Benchmark dropped their price objective on Aspen Aerogels to $22.00 in a research note on Tuesday, November 1st. Canaccord Genuity Group restated a “buy” rating and set a $20.00 price objective on shares of Aspen Aerogels in a research note on Friday, October 21st. Cowen decreased their target price on Aspen Aerogels from $35.00 to $28.00 in a research report on Friday, October 28th. Oppenheimer decreased their target price on Aspen Aerogels to $23.00 in a research report on Tuesday, November 1st. Finally, Piper Sandler decreased their target price on Aspen Aerogels to $33.00 in a research report on Tuesday, November 1st.

Institutional Investors Weigh In On Aspen Aerogels

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in Aspen Aerogels by 7.9% in the 3rd quarter. California State Teachers Retirement System now owns 40,080 shares of the construction company’s stock worth $370,000 after acquiring an additional 2,925 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Aspen Aerogels by 14.4% in the 3rd quarter. Baird Financial Group Inc. now owns 448,923 shares of the construction company’s stock worth $4,139,000 after acquiring an additional 56,618 shares during the last quarter. BNP Paribas Arbitrage SNC increased its holdings in Aspen Aerogels by 15.1% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,987 shares of the construction company’s stock worth $64,000 after acquiring an additional 919 shares during the last quarter. State Street Corp boosted its stake in Aspen Aerogels by 7.8% in the 3rd quarter. State Street Corp now owns 592,441 shares of the construction company’s stock worth $5,462,000 after purchasing an additional 42,997 shares during the period. Finally, Algert Global LLC bought a new position in Aspen Aerogels in the 3rd quarter worth about $1,239,000. Hedge funds and other institutional investors own 91.66% of the company’s stock.

Aspen Aerogels Price Performance

Shares of NYSE:ASPN opened at $13.03 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.68 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $11.19 and its two-hundred day simple moving average is $13.00. Aspen Aerogels has a 1-year low of $7.93 and a 1-year high of $62.26. The stock has a market cap of $533.06 million, a PE ratio of -5.17 and a beta of 2.34.

Aspen Aerogels Company Profile

(Get Rating)

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

See Also

Analyst Recommendations for Aspen Aerogels (NYSE:ASPN)

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