138,700 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 138,700 shares of the construction company's stock, valued at approximately $1,648,000. Schonfeld Strategic Advisors LLC owned approximately 0.17% of Aspen Aerogels as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ASPN. AlphaQuest LLC raised its holdings in shares of Aspen Aerogels by 54.0% during the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock valued at $135,000 after acquiring an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Aspen Aerogels in the 4th quarter valued at $164,000. Journey Strategic Wealth LLC purchased a new position in Aspen Aerogels in the 4th quarter valued at $178,000. Ballentine Partners LLC boosted its stake in Aspen Aerogels by 19.2% during the 4th quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company's stock worth $189,000 after purchasing an additional 2,565 shares during the last quarter. Finally, Capula Management Ltd purchased a new stake in shares of Aspen Aerogels during the fourth quarter worth $208,000. Institutional investors and hedge funds own 97.64% of the company's stock.

Aspen Aerogels Stock Up 14.8 %

Shares of NYSE ASPN traded up $0.64 during midday trading on Friday, hitting $4.95. The company's stock had a trading volume of 3,835,747 shares, compared to its average volume of 1,930,003. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The firm has a market capitalization of $406.42 million, a price-to-earnings ratio of 30.94 and a beta of 2.72. The business's fifty day simple moving average is $6.08 and its two-hundred day simple moving average is $10.59. Aspen Aerogels, Inc. has a 1 year low of $4.16 and a 1 year high of $33.15.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The construction company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $78.72 million during the quarter, compared to the consensus estimate of $82.75 million. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. The company's quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. On average, equities analysts predict that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASPN. Roth Mkm decreased their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Craig Hallum decreased their target price on shares of Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. B. Riley dropped their price target on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Oppenheimer lowered shares of Aspen Aerogels from an "outperform" rating to a "market perform" rating in a report on Thursday. Finally, Canaccord Genuity Group reduced their target price on Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.11.

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.