Aspen Aerogels (NYSE:ASPN) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Aspen Aerogels (NYSE:ASPN) issued its earnings results on Thursday. The construction company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05), Zacks reports. Aspen Aerogels had a positive return on equity of 2.92% and a negative net margin of 78.53%.The company had revenue of $73.02 million during the quarter, compared to analyst estimates of $73.42 million. During the same period in the prior year, the business earned ($0.17) earnings per share. Aspen Aerogels’s quarterly revenue was down 37.8% on a year-over-year basis. Aspen Aerogels updated its FY 2025 guidance to -4.150–4.050 EPS.

Aspen Aerogels Trading Down 8.4%

Aspen Aerogels stock traded down $0.35 during mid-day trading on Friday, hitting $3.77. 2,326,502 shares of the company’s stock were exchanged, compared to its average volume of 2,021,087. The company’s 50 day simple moving average is $7.35 and its 200-day simple moving average is $6.77. Aspen Aerogels has a fifty-two week low of $3.70 and a fifty-two week high of $17.56. The firm has a market capitalization of $310.09 million, a P/E ratio of -1.00 and a beta of 2.85. The company has a quick ratio of 3.31, a current ratio of 3.98 and a debt-to-equity ratio of 0.34.

Insider Transactions at Aspen Aerogels

In other news, CAO Santhosh P. Daniel sold 4,410 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $7.31, for a total value of $32,237.10. Following the completion of the sale, the chief accounting officer owned 19,879 shares of the company’s stock, valued at approximately $145,315.49. This represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aspen Aerogels

A number of large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Aspen Aerogels in the first quarter worth approximately $43,000. Tower Research Capital LLC TRC lifted its stake in Aspen Aerogels by 184.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,235 shares of the construction company’s stock worth $43,000 after purchasing an additional 4,693 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Aspen Aerogels by 29.1% during the second quarter. Osaic Holdings Inc. now owns 10,615 shares of the construction company’s stock valued at $63,000 after purchasing an additional 2,390 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Aspen Aerogels in the first quarter worth about $84,000. Finally, American Century Companies Inc. bought a new position in Aspen Aerogels during the second quarter valued at approximately $89,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ASPN. Canaccord Genuity Group lowered their target price on Aspen Aerogels from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aspen Aerogels in a report on Wednesday, October 8th. Finally, Barclays dropped their price target on Aspen Aerogels from $6.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.50.

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.