Aspen Aerogels (NYSE:ASPN) Price Target Lowered to $20.00 at Canaccord Genuity Group

Aspen Aerogels (NYSE:ASPN) had its price target decreased by Canaccord Genuity Group from $28.00 to $20.00 in a report published on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the construction company’s stock.

A number of other research analysts have also issued reports on the company. Roth Mkm reduced their price target on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 8th. HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of Aspen Aerogels in a research report on Wednesday, October 16th. Piper Sandler dropped their price target on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. Finally, Barclays lowered their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.11.

Aspen Aerogels Stock Performance

Shares of NYSE ASPN opened at $12.56 on Thursday. Aspen Aerogels has a 12-month low of $10.75 and a 12-month high of $33.15. The company has a market cap of $1.03 billion, a PE ratio of 1,257.66 and a beta of 2.14. The stock has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $20.31. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in shares of Aspen Aerogels during the 2nd quarter valued at $84,000. Quent Capital LLC purchased a new stake in shares of Aspen Aerogels during the third quarter valued at $118,000. Point72 DIFC Ltd purchased a new stake in shares of Aspen Aerogels during the second quarter valued at $121,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Aspen Aerogels in the 2nd quarter valued at $145,000. Finally, nVerses Capital LLC increased its stake in Aspen Aerogels by 45.0% in the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds 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.