Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,607 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 38.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,971 shares of the construction company’s stock after acquiring an additional 3,607 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aspen Aerogels were worth $205,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ASPN. Mirae Asset Global Investments Co. Ltd. boosted its position in Aspen Aerogels by 71.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,052 shares of the construction company’s stock valued at $198,000 after buying an additional 9,601 shares during the period. Levin Capital Strategies L.P. raised its stake in shares of Aspen Aerogels by 48.3% during the third quarter. Levin Capital Strategies L.P. now owns 70,613 shares of the construction company’s stock valued at $607,000 after acquiring an additional 23,000 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Aspen Aerogels in the third quarter valued at approximately $449,000. Rice Hall James & Associates LLC grew its stake in Aspen Aerogels by 385.0% in the third quarter. Rice Hall James & Associates LLC now owns 623,135 shares of the construction company’s stock worth $5,359,000 after purchasing an additional 494,662 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Aspen Aerogels during the 3rd quarter worth $334,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Stock Performance

Shares of Aspen Aerogels stock opened at $26.27 on Wednesday. The company has a market capitalization of $2.00 billion, a PE ratio of -59.70 and a beta of 1.97. The company has a 50-day simple moving average of $17.08 and a two-hundred day simple moving average of $14.04. Aspen Aerogels, Inc. has a one year low of $5.32 and a one year high of $27.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.29 and a current ratio of 4.01.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Tuesday, February 13th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. Aspen Aerogels had a negative net margin of 10.73% and a negative return on equity of 6.35%. The firm had revenue of $84.22 million for the quarter, compared to the consensus estimate of $83.82 million. During the same quarter in the previous year, the firm earned ($0.20) EPS. Research analysts expect that Aspen Aerogels, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASPN. B. Riley upped their target price on Aspen Aerogels from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Aspen Aerogels in a research note on Tuesday, April 30th. HC Wainwright raised their target price on shares of Aspen Aerogels from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Piper Sandler boosted their price target on shares of Aspen Aerogels from $20.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, TheStreet upgraded shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.17.

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.