Aspen Aerogels (NYSE:ASPN) Shares Down 5.2% - Time to Sell?

Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report)'s share price traded down 5.2% on Thursday . The stock traded as low as $6.98 and last traded at $6.97. 733,678 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,785,620 shares. The stock had previously closed at $7.35.

Analysts Set New Price Targets

A number of research analysts have issued reports on ASPN shares. Barclays lowered their price objective on Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Craig Hallum dropped their price target on shares of Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. TD Cowen raised shares of Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. Roth Mkm cut their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, B. Riley reduced their price target on shares of Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $19.11.

Aspen Aerogels Trading Up 0.9 %

The stock has a 50 day simple moving average of $9.61 and a 200-day simple moving average of $15.24. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $583.11 million, a P/E ratio of 44.39 and a beta of 2.28.

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Aspen Aerogels (NYSE:ASPN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. On average, equities research analysts forecast that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Aspen Aerogels

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Aspen Aerogels by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company's stock worth $51,800,000 after purchasing an additional 226,251 shares during the last quarter. FMR LLC increased its stake in Aspen Aerogels by 23.6% in the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company's stock worth $112,169,000 after acquiring an additional 773,647 shares during the last quarter. Oaktop Capital Management II L.P. raised its holdings in shares of Aspen Aerogels by 5.6% during the 4th 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 in the last quarter. Needham Investment Management LLC boosted its position in shares of Aspen Aerogels by 5.2% during the 4th quarter. Needham Investment Management LLC now owns 2,389,700 shares of the construction company's stock valued at $28,390,000 after acquiring an additional 117,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Aspen Aerogels by 25.5% in the fourth 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 in the last quarter. 97.64% of the stock is currently 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.