Aspen Aerogels, Inc. (NYSE:ASPN) Receives $19.00 Consensus PT from Brokerages

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) have earned an average rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.00.

ASPN has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on Aspen Aerogels from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, December 27th. TheStreet upgraded shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Roth Mkm initiated coverage on shares of Aspen Aerogels in a research report on Wednesday, March 6th. They set a “buy” rating and a $22.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of Aspen Aerogels from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, December 27th. Finally, HC Wainwright reissued a “buy” rating and set a $20.00 price objective on shares of Aspen Aerogels in a report on Wednesday, February 14th.

Aspen Aerogels Trading Up 1.4 %

NYSE:ASPN opened at $15.17 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.41 and a quick ratio of 2.91. Aspen Aerogels has a one year low of $5.32 and a one year high of $19.10. The company has a market cap of $1.16 billion, a PE ratio of -22.98 and a beta of 2.04. The firm has a 50-day moving average of $16.52 and a 200-day moving average of $13.15.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.11. Aspen Aerogels had a negative return on equity of 10.47% and a negative net margin of 19.19%. The business had revenue of $84.22 million during the quarter, compared to the consensus estimate of $83.82 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. As a group, equities research analysts expect that Aspen Aerogels will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Harbour Capital Advisors LLC purchased a new stake in Aspen Aerogels in the first quarter worth approximately $404,000. Banque Cantonale Vaudoise boosted its position in Aspen Aerogels by 37.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,252 shares in the last quarter. AIGH Capital Management LLC grew its position in shares of Aspen Aerogels by 3.0% in the 4th quarter. AIGH Capital Management LLC now owns 1,804,484 shares of the construction company’s stock worth $28,475,000 after buying an additional 52,462 shares during the period. Worth Venture Partners LLC increased its position in Aspen Aerogels by 2.9% during the 4th quarter. Worth Venture Partners LLC now owns 440,988 shares of the construction company’s stock valued at $6,959,000 after buying an additional 12,621 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC increased its stake in Aspen Aerogels by 2.4% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 280,802 shares of the construction company’s stock valued at $4,431,000 after purchasing an additional 6,575 shares in the last quarter. 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.