Aspen Aerogels, Inc. (ASPN) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Aspen Aerogels, Inc. (NYSE:ASPN) from a buy rating to a hold rating in a research report released on Monday morning.

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 lowered shares of Aspen Aerogels from a sell rating to a strong sell rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $5.08.

Shares of Aspen Aerogels (ASPN) opened at 4.43 on Monday. The stock’s 50 day moving average price is $4.18 and its 200 day moving average price is $4.29. Aspen Aerogels has a 1-year low of $3.61 and a 1-year high of $6.71. The company’s market capitalization is $91.18 million.

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

TRADEMARK VIOLATION WARNING: This piece was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/aspen-aerogels-inc-aspn-lowered-to-hold-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Aspen Aerogels by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 582,689 shares of the construction company’s stock worth $2,592,000 after acquiring an additional 3,158 shares during the period. Heartland Advisors Inc. grew its holdings in Aspen Aerogels by 0.8% during the 2nd 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 during the period. Tocqueville Asset Management L.P. grew its holdings in Aspen Aerogels by 1.1% during the 2nd 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 during the period. Spark Investment Management LLC grew 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 acquiring an additional 19,900 shares during the period. Finally, Renaissance Technologies LLC grew 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 acquiring an additional 29,200 shares during the period. 74.41% of the stock is owned by hedge funds and other institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc is an energy technology company that design

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 lowered shares of Aspen Aerogels from a sell rating to a strong sell rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $5.08.

Shares of Aspen Aerogels (ASPN) opened at 4.43 on Monday. The stock’s 50 day moving average price is $4.18 and its 200 day moving average price is $4.29. Aspen Aerogels has a 1-year low of $3.61 and a 1-year high of $6.71. The company’s market capitalization is $91.18 million.

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

TRADEMARK VIOLATION WARNING: This piece was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/aspen-aerogels-inc-aspn-lowered-to-hold-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Aspen Aerogels by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 582,689 shares of the construction company’s stock worth $2,592,000 after acquiring an additional 3,158 shares during the period. Heartland Advisors Inc. grew its holdings in Aspen Aerogels by 0.8% during the 2nd 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 during the period. Tocqueville Asset Management L.P. grew its holdings in Aspen Aerogels by 1.1% during the 2nd 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 during the period. Spark Investment Management LLC grew 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 acquiring an additional 19,900 shares during the period. Finally, Renaissance Technologies LLC grew 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 acquiring an additional 29,200 shares during the period. 74.41% of the stock is owned by hedge funds and other institutional investors.

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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