Piper Sandler Increases Aspen Aerogels (NYSE:ASPN) Price Target to $36.00

Aspen Aerogels (NYSE:ASPNGet Free Report) had its price target boosted by Piper Sandler from $30.00 to $36.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Piper Sandler’s price objective points to a potential upside of 21.95% from the company’s current price.

A number of other analysts have also commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $22.00 price objective on shares of Aspen Aerogels in a research note on Tuesday, April 30th. HC Wainwright upped their price objective on shares of Aspen Aerogels from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. TheStreet raised shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group upped their price objective on shares of Aspen Aerogels from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, B. Riley upped their price objective on shares of Aspen Aerogels from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.33.

Read Our Latest Stock Analysis on ASPN

Aspen Aerogels Price Performance

Shares of NYSE ASPN opened at $29.52 on Wednesday. Aspen Aerogels has a twelve month low of $5.32 and a twelve month high of $30.28. The company has a current ratio of 4.01, a quick ratio of 3.29 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -67.09 and a beta of 1.97. The firm has a 50-day moving average of $20.81 and a two-hundred day moving average of $16.23.

Aspen Aerogels (NYSE:ASPNGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. Aspen Aerogels had a negative net margin of 10.73% and a negative return on equity of 6.35%. The company had revenue of $94.50 million during the quarter, compared to the consensus estimate of $73.04 million. As a group, analysts expect that Aspen Aerogels will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Aspen Aerogels

In other news, major shareholder Wood River Capital, Llc sold 3,500,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $23.50, for a total value of $82,250,000.00. Following the completion of the sale, the insider now directly owns 12,280,426 shares of the company’s stock, valued at $288,590,011. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Wood River Capital, Llc sold 3,500,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.50, for a total value of $82,250,000.00. Following the transaction, the insider now owns 12,280,426 shares in the company, valued at $288,590,011. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Keith L. Schilling sold 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $26.84, for a total value of $536,800.00. Following the completion of the transaction, the senior vice president now owns 28,792 shares in the company, valued at approximately $772,777.28. The disclosure for this sale can be found here. Insiders sold 3,832,103 shares of company stock valued at $91,679,369 over the last three months. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aspen Aerogels

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Aspen Aerogels by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,619,702 shares of the construction company’s stock worth $63,707,000 after buying an additional 175,906 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Aspen Aerogels by 12.2% in the first quarter. Hood River Capital Management LLC now owns 3,300,443 shares of the construction company’s stock worth $58,088,000 after buying an additional 357,895 shares during the last quarter. AIGH Capital Management LLC increased its holdings in Aspen Aerogels by 3.0% in the fourth 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 last quarter. Federated Hermes Inc. increased its holdings in Aspen Aerogels by 53.9% in the fourth quarter. Federated Hermes Inc. now owns 1,154,042 shares of the construction company’s stock worth $18,211,000 after buying an additional 404,042 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Aspen Aerogels by 13.5% during the third quarter. UniSuper Management Pty Ltd now owns 1,083,836 shares of the construction company’s stock valued at $9,321,000 after purchasing an additional 128,974 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

About Aspen Aerogels

(Get Free Report)

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.

See Also

Analyst Recommendations for Aspen Aerogels (NYSE:ASPN)

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