Aspen Aerogels (NYSE:ASPN) Stock Rating Upgraded by B. Riley

Aspen Aerogels (NYSE:ASPN) was upgraded by B. Riley to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group lifted 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. TheStreet raised shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. TD Cowen raised their price target on shares of Aspen Aerogels from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Craig Hallum raised their price target on shares of Aspen Aerogels from $33.00 to $38.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Roth Mkm reissued a “buy” rating and issued a $36.00 price target (up from $28.00) on shares of Aspen Aerogels in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.75.

Aspen Aerogels Stock Down 1.2 %

Aspen Aerogels stock opened at $24.56 on Tuesday. Aspen Aerogels has a 1-year low of $5.32 and a 1-year high of $31.74. 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 firm has a 50 day simple moving average of $25.35 and a 200 day simple moving average of $18.63.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings data 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 business had revenue of $94.50 million during the quarter, compared to analyst estimates of $73.04 million. On average, sell-side analysts expect that Aspen Aerogels will post 0.16 EPS 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 Aspen Aerogels stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $23.50, for a total transaction 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 approximately $288,590,011. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Wood River Capital, Llc sold 3,500,000 shares of Aspen Aerogels stock in a transaction 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 transaction, the insider now owns 12,280,426 shares in the company, valued at approximately $288,590,011. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Keith L. Schilling sold 20,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $26.84, for a total transaction 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. In the last ninety days, insiders sold 3,832,103 shares of company stock valued at $91,679,369. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Aspen Aerogels

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. increased its position in shares of Aspen Aerogels by 53.9% during the fourth quarter. Federated Hermes Inc. now owns 1,154,042 shares of the construction company’s stock valued at $18,211,000 after buying an additional 404,042 shares during the period. AIGH Capital Management LLC boosted its stake in Aspen Aerogels by 3.0% during the fourth quarter. AIGH Capital Management LLC now owns 1,804,484 shares of the construction company’s stock worth $28,475,000 after acquiring an additional 52,462 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in Aspen Aerogels during the fourth quarter worth about $12,015,000. Sargent Investment Group LLC boosted its stake in Aspen Aerogels by 24.1% during the fourth quarter. Sargent Investment Group LLC now owns 337,281 shares of the construction company’s stock worth $5,322,000 after acquiring an additional 65,571 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Aspen Aerogels by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,445,887 shares of the construction company’s stock worth $29,635,000 after acquiring an additional 14,013 shares in the last quarter. Hedge funds and other institutional investors 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.