Aspen Aerogels, Inc. (NYSE:ASPN) Receives Average Recommendation of “Buy” from Brokerages

Aspen Aerogels, Inc. (NYSE:ASPN) has been assigned a consensus rating of “Buy” from the nine analysts that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.11.

ASPN has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Piper Sandler decreased their price target on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Roth Mkm decreased their price target 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 reaffirmed a “buy” rating and issued a $30.00 price target on shares of Aspen Aerogels in a report on Wednesday, October 16th. Finally, StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Aspen Aerogels

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASPN. Driehaus Capital Management LLC boosted its stake in shares of Aspen Aerogels by 130.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,156,789 shares of the construction company’s stock worth $51,439,000 after acquiring an additional 1,220,724 shares during the last quarter. FMR LLC lifted its stake in shares of Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after buying an additional 773,647 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Aspen Aerogels during the 2nd quarter valued at $9,339,000. Lord Abbett & CO. LLC purchased a new position in shares of Aspen Aerogels during the 3rd quarter valued at $10,126,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Aspen Aerogels during the 2nd quarter valued at $8,340,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Trading Up 1.3 %

Shares of ASPN stock opened at $12.73 on Monday. The company’s fifty day simple moving average is $13.47 and its two-hundred day simple moving average is $20.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. Aspen Aerogels has a 1 year low of $10.75 and a 1 year high of $33.15. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 1,273.77 and a beta of 2.14.

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.