Aspen Aerogels (ASPN) Set to Announce Quarterly Earnings on Wednesday

Aspen Aerogels (NYSE:ASPN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Aspen Aerogels Stock Down 0.2 %

Shares of NYSE:ASPN opened at $18.84 on Tuesday. The business’s 50 day simple moving average is $26.02 and its two-hundred day simple moving average is $20.45. The firm has a market cap of $1.43 billion, a P/E ratio of -42.82 and a beta of 2.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.29 and a current ratio of 4.01. Aspen Aerogels has a 52-week low of $5.32 and a 52-week high of $31.74.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. HC Wainwright raised their target price on Aspen Aerogels from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Craig Hallum raised their target price on Aspen Aerogels from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. B. Riley raised Aspen Aerogels to a “strong-buy” rating in a research report on Tuesday, June 25th. Canaccord Genuity Group raised their target price on Aspen Aerogels from $18.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, TD Cowen raised their target price on Aspen Aerogels from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Insider Buying and Selling

In other Aspen Aerogels news, SVP Keith L. Schilling sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $26.84, for a total transaction of $536,800.00. Following the transaction, the senior vice president now owns 28,792 shares in the company, valued at approximately $772,777.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Aspen Aerogels news, SVP Keith L. Schilling sold 20,000 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $26.84, for a total transaction of $536,800.00. Following the transaction, the senior vice president now directly owns 28,792 shares of the company’s stock, valued at $772,777.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Wood River Capital, Llc sold 3,500,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $23.50, for a total transaction of $82,250,000.00. Following the completion of the sale, the insider now owns 12,280,426 shares of the company’s stock, valued at $288,590,011. The disclosure for this sale can be found here. Insiders sold a total of 3,776,944 shares of company stock worth $90,299,843 in the last 90 days. 4.30% of the stock is owned by corporate 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.