Aspen Aerogels (ASPN) Gets a Hold Rating from Evercore ISI


Evercore ISI analyst James West maintained a Hold rating on Aspen Aerogels (ASPN) today and set a price target of $10.00. The company’s shares closed last Monday at $8.63.

According to TipRanks.com, West is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.2% and a 34.1% success rate. West covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Oceaneering International.

Aspen Aerogels has an analyst consensus of Strong Buy, with a price target consensus of $11.20.

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Based on Aspen Aerogels’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2.29 million. In comparison, last year the company had a GAAP net loss of $14.11 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ASPN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Aspen Aerogels, Inc. engages in designing, developing, and manufacturing aerogel insulation used primarily in the energy infrastructure and building materials markets. It operates through Unites States and International geographical segments. Its products include Cryogel, Pyrogel, and Spaceloft.

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