Allspring Global Investments Holdings LLC Sells 11,276 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Allspring Global Investments Holdings LLC lowered its position in Aspen Aerogels, Inc. (NYSE:ASPN) by 11.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,758 shares of the construction company’s stock after selling 11,276 shares during the period. Allspring Global Investments Holdings LLC owned 0.12% of Aspen Aerogels worth $1,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Aspen Aerogels by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,445,887 shares of the construction company’s stock worth $29,635,000 after purchasing an additional 14,013 shares in the last quarter. AIGH Capital Management LLC purchased a new position in Aspen Aerogels during the 3rd quarter valued at about $15,067,000. UniSuper Management Pty Ltd boosted its stake in Aspen Aerogels by 13.5% during the third quarter. UniSuper Management Pty Ltd now owns 1,083,836 shares of the construction company’s stock worth $9,321,000 after acquiring an additional 128,974 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in Aspen Aerogels by 385.0% in the third quarter. Rice Hall James & Associates LLC now owns 623,135 shares of the construction company’s stock worth $5,359,000 after purchasing an additional 494,662 shares during the period. Finally, Worth Venture Partners LLC bought a new position in shares of Aspen Aerogels during the third quarter valued at approximately $3,684,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Analyst Ratings Changes

ASPN has been the topic of a number of analyst reports. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group increased their target price on Aspen Aerogels from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Canaccord Genuity Group increased their price objective on shares of Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, December 27th. Roth Mkm started coverage on shares of Aspen Aerogels in a research note on Wednesday, March 6th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $20.00 price target on shares of Aspen Aerogels in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Aspen Aerogels currently has an average rating of “Moderate Buy” and an average target price of $19.00.

Aspen Aerogels Stock Performance

Shares of ASPN stock opened at $15.17 on Tuesday. The firm has a market capitalization of $1.16 billion, a PE ratio of -22.98 and a beta of 2.04. The company has a 50 day moving average price of $16.52 and a 200-day moving average price of $13.15. Aspen Aerogels, Inc. has a 52 week low of $5.32 and a 52 week high of $19.10. The company has a quick ratio of 2.91, a current ratio of 3.41 and a debt-to-equity ratio of 0.24.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. The business had revenue of $84.22 million during the quarter, compared to analyst estimates of $83.82 million. Aspen Aerogels had a negative net margin of 19.19% and a negative return on equity of 10.47%. During the same period in the previous year, the business earned ($0.20) EPS. As a group, equities research analysts expect that Aspen Aerogels, Inc. will post -0.24 earnings per share for the current year.

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.