Aspen Aerogels (NYSE:ASPN) Price Target Cut to $34.00 by Analysts at B. Riley

Aspen Aerogels (NYSE:ASPNGet Rating) had its price target decreased by B. Riley from $44.00 to $34.00 in a research report issued to clients and investors on Wednesday, The Fly reports. B. Riley’s price objective would suggest a potential upside of 180.30% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Craig Hallum dropped their target price on Aspen Aerogels from $50.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Cowen boosted their target price on Aspen Aerogels to $72.00 in a research report on Thursday, June 9th. Canaccord Genuity Group dropped their target price on Aspen Aerogels from $47.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 3rd. Finally, Benchmark set a $36.00 target price on Aspen Aerogels in a research report on Monday, June 20th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $48.90.

Aspen Aerogels Stock Performance

Shares of ASPN stock opened at $12.13 on Wednesday. The stock has a market capitalization of $437.66 million, a PE ratio of -7.78 and a beta of 2.16. Aspen Aerogels has a 52-week low of $7.93 and a 52-week high of $65.99. The stock’s 50-day moving average price is $13.94 and its 200 day moving average price is $23.30. The company has a quick ratio of 5.03, a current ratio of 5.37 and a debt-to-equity ratio of 0.55.

Aspen Aerogels (NYSE:ASPNGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The construction company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.12). Aspen Aerogels had a negative net margin of 38.15% and a negative return on equity of 38.80%. During the same period last year, the firm posted ($0.23) earnings per share. As a group, equities research analysts forecast that Aspen Aerogels will post -2.23 EPS for the current year.

Institutional Investors Weigh In On Aspen Aerogels

Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in Aspen Aerogels by 451.1% in the 1st quarter. Captrust Financial Advisors now owns 722 shares of the construction company’s stock valued at $25,000 after buying an additional 591 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Aspen Aerogels by 70.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,847 shares of the construction company’s stock valued at $92,000 after buying an additional 766 shares in the last quarter. First PREMIER Bank purchased a new stake in Aspen Aerogels in the 1st quarter valued at approximately $69,000. KRS Capital Management LLC purchased a new stake in Aspen Aerogels in the 4th quarter valued at approximately $134,000. Finally, Quent Capital LLC purchased a new stake in Aspen Aerogels in the 1st quarter valued at approximately $103,000. Institutional investors and hedge funds own 99.90% of the company’s stock.

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.

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Analyst Recommendations for Aspen Aerogels (NYSE:ASPN)

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