Seaport Res Ptn Weighs in on Aspen Aerogels, Inc.’s Q2 2024 Earnings (NYSE:ASPN)

Aspen Aerogels, Inc. (NYSE:ASPN) – Equities research analysts at Seaport Res Ptn upped their Q2 2024 earnings per share estimates for Aspen Aerogels in a report issued on Monday, May 6th. Seaport Res Ptn analyst T. Curran now forecasts that the construction company will earn $0.08 per share for the quarter, up from their prior estimate of ($0.08). The consensus estimate for Aspen Aerogels’ current full-year earnings is $0.03 per share. Seaport Res Ptn also issued estimates for Aspen Aerogels’ Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $0.63 EPS and Q4 2025 earnings at $0.18 EPS.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. The company had revenue of $84.22 million during the quarter, compared to analysts’ expectations of $83.82 million. Aspen Aerogels had a negative return on equity of 6.35% and a negative net margin of 10.73%. During the same period last year, the firm posted ($0.20) earnings per share.

Other research analysts also recently issued reports about the company. HC Wainwright boosted their price objective on Aspen Aerogels from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. B. Riley raised their target price on Aspen Aerogels from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Piper Sandler upped their price objective on shares of Aspen Aerogels from $20.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of Aspen Aerogels from $18.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.17.

Aspen Aerogels Trading Up 1.4 %

ASPN opened at $26.64 on Thursday. The company has a quick ratio of 3.29, a current ratio of 4.01 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -60.55 and a beta of 1.97. The company has a 50-day simple moving average of $17.27 and a 200 day simple moving average of $14.13. Aspen Aerogels has a twelve month low of $5.32 and a twelve month high of $27.09.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASPN. Banque Cantonale Vaudoise boosted its holdings in shares of Aspen Aerogels by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock valued at $81,000 after buying an additional 1,252 shares during the period. McAdam LLC acquired a new position in shares of Aspen Aerogels in the fourth quarter valued at about $191,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Aspen Aerogels by 71.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,052 shares of the construction company’s stock worth $198,000 after purchasing an additional 9,601 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aspen Aerogels by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock worth $205,000 after acquiring an additional 3,607 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in Aspen Aerogels in the fourth quarter valued at about $230,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Corby C. Whitaker sold 55,159 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $25.01, for a total transaction of $1,379,526.59. Following the transaction, the senior vice president now directly owns 131,533 shares of the company’s stock, valued at $3,289,640.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is currently owned by company insiders.

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.