Zacks Investment Research upgraded shares of Aspen Aerogels, Inc. (NYSE:ASPN) from a hold rating to a buy rating in a research report released on Thursday, November 9th. The brokerage currently has $5.50 price objective on the construction company’s stock.
According to Zacks, “Aspen Aerogels, Inc. is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities. The Company offers insulation for high temperature steam pipes, vessels, and equipment. Aspen serves petrochemical, refinery, industrial, and power generation sectors. It manufactures Cryogel (R), Pyrogel (R) and Spaceloft (R) products. Aspen Aerogels, Inc. is headquartered in Northborough, Massachusetts. “
Separately, ValuEngine downgraded shares of Aspen Aerogels from a sell rating to a strong sell rating in a report on Friday, July 28th.
Aspen Aerogels (NYSE:ASPN) remained flat at $$4.86 on Thursday. 17,500 shares of the company traded hands, compared to its average volume of 44,711. Aspen Aerogels has a 12 month low of $3.63 and a 12 month high of $4.97.
Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. Aspen Aerogels had a negative net margin of 22.72% and a negative return on equity of 21.86%. The business had revenue of $27.20 million for the quarter, compared to analyst estimates of $28.23 million. During the same period last year, the business posted ($0.13) earnings per share. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. equities analysts anticipate that Aspen Aerogels will post -0.88 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Reservoir Operations L.P. grew its holdings in Aspen Aerogels by 0.4% during the 3rd quarter. Reservoir Operations L.P. now owns 2,908,270 shares of the construction company’s stock worth $12,651,000 after acquiring an additional 12,289 shares during the last quarter. Oaktop Capital Management II L.P. boosted its stake in Aspen Aerogels by 14.6% during the third quarter. Oaktop Capital Management II L.P. now owns 1,399,001 shares of the construction company’s stock worth $6,086,000 after acquiring an additional 177,953 shares in the last quarter. Heartland Advisors Inc. boosted its stake in Aspen Aerogels by 0.8% during the second quarter. Heartland Advisors Inc. now owns 927,066 shares of the construction company’s stock worth $4,125,000 after acquiring an additional 7,066 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in Aspen Aerogels by 1.1% during the second quarter. Tocqueville Asset Management L.P. now owns 856,055 shares of the construction company’s stock worth $3,809,000 after acquiring an additional 9,400 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Aspen Aerogels by 12.8% during the third quarter. Royce & Associates LP now owns 660,746 shares of the construction company’s stock worth $2,874,000 after acquiring an additional 74,792 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.
Aspen Aerogels Company Profile
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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