Point72 DIFC Ltd Invests $121,000 in Aspen Aerogels, Inc. (NYSE:ASPN)

Point72 DIFC Ltd acquired a new position in Aspen Aerogels, Inc. (NYSE:ASPN) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,064 shares of the construction company’s stock, valued at approximately $121,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASPN. Marshall Wace LLP purchased a new stake in Aspen Aerogels in the second quarter valued at about $618,000. Public Employees Retirement Association of Colorado acquired a new stake in Aspen Aerogels in the 2nd quarter worth approximately $145,000. Seven Eight Capital LP purchased a new stake in Aspen Aerogels during the 2nd quarter worth approximately $2,511,000. Hsbc Holdings PLC acquired a new position in Aspen Aerogels during the 2nd quarter valued at approximately $732,000. Finally, Virtu Financial LLC raised its holdings in shares of Aspen Aerogels by 179.1% in the second quarter. Virtu Financial LLC now owns 39,008 shares of the construction company’s stock worth $930,000 after buying an additional 25,031 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ricardo C. Rodriguez sold 32,465 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $30.14, for a total value of $978,495.10. Following the completion of the sale, the chief financial officer now directly owns 20,790 shares in the company, valued at $626,610.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ASPN. HC Wainwright boosted their price objective on shares of Aspen Aerogels from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays assumed coverage on Aspen Aerogels in a research note on Tuesday, August 6th. They set an “overweight” rating and a $27.00 price target on the stock. Roth Mkm restated a “buy” rating and issued a $36.00 price objective on shares of Aspen Aerogels in a research note on Wednesday, August 21st. Benchmark reiterated a “buy” rating and issued a $14.00 target price on shares of Aspen Aerogels in a research report on Thursday, August 8th. Finally, TD Cowen raised their price target on shares of Aspen Aerogels from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.70.

Aspen Aerogels Stock Performance

ASPN opened at $28.54 on Friday. The firm has a fifty day moving average price of $25.02 and a 200 day moving average price of $23.48. Aspen Aerogels, Inc. has a 1 year low of $6.62 and a 1 year high of $33.15. The stock has a market cap of $2.17 billion, a P/E ratio of -64.85 and a beta of 2.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.46 and a quick ratio of 2.82.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Wednesday, August 7th. The construction company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.16. Aspen Aerogels had a net margin of 0.39% and a return on equity of 0.74%. The business had revenue of $117.80 million during the quarter, compared to the consensus estimate of $101.99 million. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. The company’s revenue was up 144.4% compared to the same quarter last year. Equities research analysts anticipate that Aspen Aerogels, Inc. will post 0.21 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.