Aspen Aerogels (NYSE:ASPN) Price Target Lowered to $20.00 at Canaccord Genuity Group

Aspen Aerogels (NYSE:ASPN) had its price target lowered by equities researchers at Canaccord Genuity Group from $28.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 57.17% from the company’s current price.

Several other research firms have also commented on ASPN. Roth Mkm decreased their target price on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 8th. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a research note on Wednesday, October 16th. Barclays lowered their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. StockNews.com raised Aspen Aerogels to a “sell” rating in a report on Wednesday, November 13th. Finally, Piper Sandler lowered their price target on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aspen Aerogels presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.11.

Aspen Aerogels Stock Performance

ASPN opened at $12.73 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of 1,273.77 and a beta of 2.14. The business’s fifty day moving average is $13.47 and its 200-day moving average is $20.24. Aspen Aerogels has a 52-week low of $10.75 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASPN. Point72 Hong Kong Ltd acquired a new position in Aspen Aerogels in the 2nd quarter worth about $84,000. Quent Capital LLC bought a new stake in shares of Aspen Aerogels during the third quarter worth about $118,000. Point72 DIFC Ltd acquired a new position in shares of Aspen Aerogels in the second quarter valued at approximately $121,000. nVerses Capital LLC raised its holdings in Aspen Aerogels by 45.0% in the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock valued at $161,000 after buying an additional 1,800 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Aspen Aerogels during the 2nd quarter worth approximately $145,000. 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.