Aspen Aerogels, Inc. (NYSE:ASPN) Stock Has Average Price Target of $5.94

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $5.94.

A number of research firms have recently weighed in on ASPN. Barclays boosted their price objective on shares of Aspen Aerogels from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Aspen Aerogels from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aspen Aerogels in a research note on Monday, September 21st. B. Riley Financial reaffirmed a “buy” rating on shares of Aspen Aerogels in a research note on Friday, August 7th. Finally, Roth Capital reiterated a “buy” rating and issued a $7.75 price target on shares of Aspen Aerogels in a report on Friday, August 7th.

Aspen Aerogels Stock Up 0.2%

ASPN opened at $5.64 on Wednesday. The firm has a market cap of $467.98 million, a P/E ratio of -3.69 and a beta of 3.06. The business’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $5.03. Aspen Aerogels has a 52 week low of $2.30 and a 52 week high of $9.35. The company has a quick ratio of 2.24, a current ratio of 2.52 and a debt-to-equity ratio of 0.36.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Thursday, August 6th. The construction company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. The firm had revenue of $49.85 million during the quarter, compared to the consensus estimate of $42.42 million. Aspen Aerogels had a negative net margin of 62.45% and a negative return on equity of 31.12%. Aspen Aerogels has set its Q3 2026 guidance at -0.110–0.070 EPS. As a group, equities research analysts anticipate that Aspen Aerogels will post -0.69 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Wood River Capital, Llc sold 12,280,426 shares of Aspen Aerogels stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $4.73, for a total value of $58,086,414.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aspen Aerogels

Several large investors have recently added to or reduced their stakes in ASPN. BlackRock Inc. purchased a new position in shares of Aspen Aerogels during the 2nd quarter worth about $33,457,000. Oaktop Capital Management II L.P. acquired a new stake in shares of Aspen Aerogels in the second quarter worth approximately $32,769,000. George Kaiser Family Foundation purchased a new stake in Aspen Aerogels in the second quarter valued at approximately $20,081,000. Rice Hall James & Associates LLC purchased a new stake in Aspen Aerogels in the second quarter valued at approximately $10,368,000. Finally, Needham Investment Management LLC increased its position in Aspen Aerogels by 26.5% during the fourth quarter. Needham Investment Management LLC now owns 4,351,700 shares of the construction company’s stock worth $12,315,000 after purchasing an additional 912,000 shares during the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc develops and manufactures advanced aerogel-based materials designed to provide thermal management, insulation and fire protection. The company’s products are used in applications where low weight, energy efficiency and resistance to heat are important, serving industries including electric vehicles, energy infrastructure, industrial processing and building materials.

Its product portfolio includes PyroThin thermal barriers for lithium-ion battery systems, as well as aerogel insulation products such as Pyrogel, Cryogel and Spaceloft.