Aspen Aerogels (NYSE:ASPN) Hits New 1-Year High at $27.19

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) reached a new 52-week high on Thursday . The stock traded as high as $27.19 and last traded at $27.06, with a volume of 325672 shares traded. The stock had previously closed at $26.63.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASPN. B. Riley lifted their target price on Aspen Aerogels from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Roth Mkm reissued a “buy” rating and issued a $22.00 target price on shares of Aspen Aerogels in a research note on Tuesday, April 30th. HC Wainwright upped their price target on shares of Aspen Aerogels from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. TheStreet raised shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Finally, Piper Sandler lifted their target price on Aspen Aerogels from $20.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

Aspen Aerogels Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 4.01 and a quick ratio of 3.29. The firm has a market cap of $2.04 billion, a P/E ratio of -60.55 and a beta of 1.97. The company’s 50-day moving average is $17.27 and its two-hundred day moving average is $14.13.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $84.22 million for the quarter, compared to analyst estimates of $83.82 million. During the same quarter last year, the business posted ($0.20) EPS. Sell-side analysts anticipate that Aspen Aerogels, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Corby C. Whitaker sold 55,159 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $25.01, for a total value of $1,379,526.59. Following the sale, the senior vice president now directly owns 131,533 shares in the company, valued at approximately $3,289,640.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASPN. Banque Cantonale Vaudoise raised its position in Aspen Aerogels by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,252 shares during the last quarter. McAdam LLC acquired a new stake in Aspen Aerogels during the 4th quarter worth approximately $191,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Aspen Aerogels by 71.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,052 shares of the construction company’s stock worth $198,000 after acquiring an additional 9,601 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aspen Aerogels by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock worth $205,000 after acquiring an additional 3,607 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in Aspen Aerogels in the 4th quarter valued at approximately $230,000. 97.64% of the stock is currently owned by 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.