Aspen Aerogels (NYSE:ASPN) Given New $16.00 Price Target at Roth Mkm

Aspen Aerogels (NYSE:ASPN) had its price target decreased by analysts at Roth Mkm from $22.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Roth Mkm’s price target suggests a potential upside of 88.90% from the company’s current price.

A number of other analysts have also weighed in on the company. Piper Sandler cut their price objective on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Craig Hallum decreased their price objective on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday. Barclays lowered their price objective on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, Canaccord Genuity Group reduced their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Aspen Aerogels Trading Down 5.9 %

ASPN traded down $0.53 during mid-day trading on Friday, hitting $8.47. 3,333,717 shares of the stock were exchanged, compared to its average volume of 2,062,258. The firm’s fifty day moving average is $12.27 and its two-hundred day moving average is $18.56. Aspen Aerogels has a 1-year low of $8.25 and a 1-year high of $33.15. The company has a market cap of $694.94 million, a PE ratio of 847.35 and a beta of 2.14. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 0.36% and a return on equity of 5.06%. Equities analysts forecast that Aspen Aerogels will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Nebula Research & Development LLC grew its holdings in shares of Aspen Aerogels by 184.7% during the fourth quarter. Nebula Research & Development LLC now owns 46,787 shares of the construction company’s stock worth $556,000 after purchasing an additional 30,352 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Aspen Aerogels by 260.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,240 shares of the construction company’s stock valued at $407,000 after purchasing an additional 24,740 shares during the period. Dendur Capital LP purchased a new position in Aspen Aerogels during the 4th quarter worth approximately $9,207,000. Price T Rowe Associates Inc. MD increased its position in Aspen Aerogels by 38.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,451 shares of the construction company’s stock worth $505,000 after buying an additional 11,688 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Aspen Aerogels by 231.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,365 shares of the construction company’s stock valued at $289,000 after buying an additional 17,012 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

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.