Aspen Aerogels, Inc. (NYSE:ASPN) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Aspen Aerogels, Inc. has received a consensus rating of "Hold" from nine brokerages, with ratings varying from sell to strong buy.
• The company's shares opened at $7.92, reflecting a 1 year low of $4.16 and a high of $21.00, with a market cap of $651.96 million.
• Aspen Aerogels reported an earnings per share (EPS) of (0.04), outperforming analysts' estimates and generating revenue of $78.02 million for the quarter.

Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report) has been given a consensus rating of "Hold" by the nine brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.50.

A number of equities analysts have issued reports on ASPN shares. Canaccord Genuity Group reduced their target price on Aspen Aerogels from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of Aspen Aerogels in a report on Wednesday, October 8th. Finally, Barclays cut Aspen Aerogels from an "equal weight" rating to an "underweight" rating and lifted their price objective for the company from $7.00 to $16.00 in a report on Monday, August 11th.

Aspen Aerogels Price Performance

Shares of ASPN opened at $7.92 on Wednesday. The company has a current ratio of 3.98, a quick ratio of 3.31 and a debt-to-equity ratio of 0.34. Aspen Aerogels has a 1 year low of $4.16 and a 1 year high of $21.00. The stock has a market cap of $651.96 million, a P/E ratio of -2.08 and a beta of 2.80. The stock's 50-day moving average price is $7.23 and its two-hundred day moving average price is $6.57.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its earnings results on Thursday, August 7th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.08. Aspen Aerogels had a positive return on equity of 2.92% and a negative net margin of 78.53%.The firm had revenue of $78.02 million for the quarter, compared to analysts' expectations of $72.53 million. During the same quarter last year, the business earned $0.21 earnings per share. The company's revenue was down 33.8% compared to the same quarter last year. Aspen Aerogels has set its FY 2025 guidance at -3.860--3.730 EPS. On average, equities analysts predict that Aspen Aerogels will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Aspen Aerogels

In other news, CAO Santhosh P. Daniel sold 4,410 shares of Aspen Aerogels stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $7.31, for a total transaction of $32,237.10. Following the transaction, the chief accounting officer owned 19,879 shares in the company, valued at $145,315.49. The trade was a 18.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aspen Aerogels

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Aspen Aerogels by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,373,159 shares of the construction company's stock valued at $27,944,000 after purchasing an additional 12,913 shares in the last quarter. Needham Investment Management LLC lifted its stake in Aspen Aerogels by 14.5% in the 1st quarter. Needham Investment Management LLC now owns 2,737,200 shares of the construction company's stock valued at $17,491,000 after acquiring an additional 347,500 shares in the last quarter. AWM Investment Company Inc. lifted its stake in Aspen Aerogels by 102.6% in the 1st quarter. AWM Investment Company Inc. now owns 2,449,221 shares of the construction company's stock valued at $15,651,000 after acquiring an additional 1,240,535 shares in the last quarter. Gagnon Securities LLC bought a new stake in Aspen Aerogels in the 2nd quarter valued at approximately $11,243,000. Finally, Federated Hermes Inc. bought a new stake in Aspen Aerogels in the 2nd quarter valued at approximately $10,459,000. Institutional investors own 97.64% of the company's stock.

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.

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