Aspen Aerogels, Inc. (NYSE:ASPN) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.38.

A number of equities research analysts have issued reports on ASPN shares. Zacks Investment Research upgraded shares of Aspen Aerogels from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Wednesday, August 9th. ValuEngine lowered shares of Aspen Aerogels from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.

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Shares of Aspen Aerogels (NYSE ASPN) traded up 0.47% during trading on Thursday, reaching $4.30. 2,974 shares of the company traded hands. Aspen Aerogels has a 52 week low of $3.61 and a 52 week high of $6.71. The firm’s 50 day moving average price is $4.19 and its 200-day moving average price is $4.29. The company’s market capitalization is $88.50 million.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.01. The firm had revenue of $25.10 million for the quarter, compared to analyst estimates of $24.79 million. Aspen Aerogels had a negative net margin of 22.22% and a negative return on equity of 20.95%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) EPS. Equities analysts anticipate that Aspen Aerogels will post ($0.86) EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in Aspen Aerogels by 39.6% during the 1st quarter. Royce & Associates LP now owns 413,924 shares of the construction company’s stock worth $1,718,000 after buying an additional 117,397 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Aspen Aerogels by 12.5% during the 1st quarter. Renaissance Technologies LLC now owns 262,500 shares of the construction company’s stock worth $1,089,000 after buying an additional 29,200 shares in the last quarter. Oaktop Capital Management II L.P. acquired a new stake in Aspen Aerogels during the 2nd quarter worth approximately $5,434,000. Ameriprise Financial Inc. lifted its holdings in Aspen Aerogels by 13.4% during the 1st quarter. Ameriprise Financial Inc. now owns 1,002,566 shares of the construction company’s stock worth $4,161,000 after buying an additional 118,491 shares in the last quarter. Finally, Spark Investment Management LLC lifted its holdings in Aspen Aerogels by 186.0% during the 1st quarter. Spark Investment Management LLC now owns 30,600 shares of the construction company’s stock worth $126,000 after buying an additional 19,900 shares in the last quarter. Institutional investors own 74.41% of the company’s stock.

About Aspen Aerogels

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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