Aspen Aerogels (NYSE:ASPN) Stock Price Up 5.2% - What's Next?

Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report)'s share price shot up 5.2% on Tuesday . The stock traded as high as $12.71 and last traded at $12.62. 1,042,216 shares were traded during trading, a decline of 29% from the average session volume of 1,469,794 shares. The stock had previously closed at $12.00.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Seaport Res Ptn cut Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Barclays decreased their price objective on Aspen Aerogels from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, November 12th. Roth Mkm decreased their price objective on Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating on the stock in a report on Friday. Canaccord Genuity Group decreased their price objective on Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday. Finally, StockNews.com upgraded Aspen Aerogels to a "sell" rating in a report on Saturday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Aspen Aerogels presently has an average rating of "Moderate Buy" and an average target price of $24.67.

Aspen Aerogels Trading Down 3.7 %

The company has a market cap of $711.05 million, a PE ratio of 867.47 and a beta of 2.14. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $18.46.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 5.06% and a net margin of 0.36%. On average, analysts predict that Aspen Aerogels, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Trading of Aspen Aerogels

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Aspen Aerogels by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company's stock worth $51,800,000 after acquiring an additional 226,251 shares during the period. FMR LLC increased its position in shares of Aspen Aerogels by 23.6% during the third 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 period. Dimensional Fund Advisors LP increased its position in shares of Aspen Aerogels by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company's stock worth $23,983,000 after acquiring an additional 409,862 shares during the period. Telemark Asset Management LLC increased its position in shares of Aspen Aerogels by 26.8% during the fourth quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company's stock worth $22,482,000 after acquiring an additional 400,000 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in shares of Aspen Aerogels by 22.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company's stock worth $44,839,000 after acquiring an additional 300,076 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.

Aspen Aerogels Company Profile

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.