Aspen Aerogels (NYSE:ASPN) Hits New 12-Month Low – What’s Next?

Aspen Aerogels, Inc. (NYSE:ASPN) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $6.13 and last traded at $6.41, with a volume of 996306 shares changing hands. The stock had previously closed at $6.35.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. B. Riley cut their price objective on Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, February 19th. Craig Hallum decreased their price objective on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Roth Mkm cut their target price on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.11.

Aspen Aerogels Stock Down 3.0 %

The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $447.64 million, a PE ratio of 34.08 and a beta of 2.28. The business has a 50-day moving average price of $8.47 and a 200-day moving average price of $14.14.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. Equities research analysts forecast that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aspen Aerogels

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Aspen Aerogels by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock worth $51,800,000 after buying an additional 226,251 shares during the last quarter. Oaktop Capital Management II L.P. increased its stake in Aspen Aerogels by 5.6% during the fourth quarter. Oaktop Capital Management II L.P. now owns 3,740,525 shares of the construction company’s stock worth $44,437,000 after acquiring an additional 200,000 shares during the last quarter. Needham Investment Management LLC raised its position in Aspen Aerogels by 5.2% in the fourth quarter. Needham Investment Management LLC now owns 2,389,700 shares of the construction company’s stock valued at $28,390,000 after purchasing an additional 117,500 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Aspen Aerogels by 25.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock valued at $23,983,000 after purchasing an additional 409,862 shares during the last quarter. Finally, Telemark Asset Management LLC lifted its stake in shares of Aspen Aerogels by 26.8% in the 4th quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company’s stock valued at $22,482,000 after purchasing an additional 400,000 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other 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.