Aspen Aerogels (ASPN) Receives a Rating Update from a Top Analyst

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Aspen Aerogels (ASPNResearch Report), with a price target of $45.00. The company’s shares closed last Thursday at $14.26, close to its 52-week low of $13.55.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 46.9% and a 41.4% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Ballard Power Systems.

Aspen Aerogels has an analyst consensus of Strong Buy, with a price target consensus of $44.00, representing a 202.4% upside. In a report issued on June 7, B.Riley Financial also maintained a Buy rating on the stock.

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Based on Aspen Aerogels’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $38.41 million and GAAP net loss of $19.48 million. In comparison, last year the company earned revenue of $28.1 million and had a GAAP net loss of $6.25 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASPN in relation to earlier this year. Most recently, in April 2022, Mark Noetzel, a Director at ASPN bought 14,799 shares for a total of $70,295.

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. 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.

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