Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on Aspen Aerogels (ASPN) yesterday and set a price target of $32.00. The company’s shares closed last Thursday at $20.16.
According to TipRanks.com, Dorsheimer is a 5-star analyst with an average return of 30.9% and a 52.2% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Stmicroelectronics, Fuelcell Energy, and IPG Photonics.
Currently, the analyst consensus on Aspen Aerogels is a Strong Buy with an average price target of $29.33, implying a 39.8% upside from current levels. In a report issued on April 26, B.Riley Financial also initiated coverage with a Buy rating on the stock with a $25.00 price target.
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Based on Aspen Aerogels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $23.02 million and GAAP net loss of $6.19 million. In comparison, last year the company earned revenue of $46.51 million and had a GAAP net loss of $956K.
Based on the recent corporate insider activity of 25 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. Last month, Corby Whitaker, the SVP Sales & Mkt of ASPN sold 14,500 shares for a total of $328,425.
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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. The company was founded by Hamed S. Borhanian, Patrick J. Piper, and Kang P. Lee on May 4, 2001 and is headquartered in Northborough, MA.
