Aspen Aerogels (NYSE:ASPN) Rating Lowered to “Sell” at Wall Street Zen

Aspen Aerogels (NYSE:ASPN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

ASPN has been the topic of several other research reports. Barclays increased their price target on Aspen Aerogels from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aspen Aerogels in a research report on Wednesday, June 24th. Roth Capital reissued a “buy” rating and issued a $7.75 target price on shares of Aspen Aerogels in a research note on Friday, August 7th. Finally, B. Riley Financial restated a “buy” rating on shares of Aspen Aerogels in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Aspen Aerogels has an average rating of “Hold” and an average target price of $5.94.

Aspen Aerogels Stock Up 0.1%

Shares of NYSE:ASPN opened at $5.85 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.24 and a debt-to-equity ratio of 0.36. Aspen Aerogels has a 12 month low of $2.30 and a 12 month high of $9.35. The company has a 50-day moving average price of $5.51 and a 200 day moving average price of $4.52. The company has a market cap of $485.82 million, a price-to-earnings ratio of -3.83 and a beta of 2.99.

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

Hedge Funds Weigh In On Aspen Aerogels

A number of large investors have recently bought and sold shares of ASPN. Rice Hall James & Associates LLC raised its holdings in shares of Aspen Aerogels by 9.2% in the first quarter. Rice Hall James & Associates LLC now owns 1,552,628 shares of the construction company’s stock valued at $5,310,000 after acquiring an additional 131,023 shares in the last quarter. Needham Investment Management LLC grew its holdings in Aspen Aerogels by 26.5% during the 4th quarter. Needham Investment Management LLC now owns 4,351,700 shares of the construction company’s stock worth $12,315,000 after acquiring an additional 912,000 shares in the last quarter. Lazard Asset Management LLC bought a new position in Aspen Aerogels during the 1st quarter worth about $485,000. First Eagle Investment Management LLC increased its position in Aspen Aerogels by 20.3% during the 4th quarter. First Eagle Investment Management LLC now owns 622,487 shares of the construction company’s stock valued at $1,762,000 after purchasing an additional 105,164 shares during the period. Finally, Connors Investor Services Inc. raised its holdings in shares of Aspen Aerogels by 37.3% in the 4th quarter. Connors Investor Services Inc. now owns 55,167 shares of the construction company’s stock valued at $156,000 after purchasing an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

Aspen Aerogels, Inc, headquartered in Northborough, Massachusetts, develops and manufactures high-performance aerogel insulation materials and custom engineered solutions. Founded in 2001 as a spin-out from Department of Energy research, the company pursued an initial public offering on the NYSE in 2014 under the ticker ASPN. Aspen Aerogels combines proprietary aerogel formulations with advanced manufacturing processes to deliver products known for their low thermal conductivity, lightweight construction and robust mechanical properties.

The company’s product portfolio spans blanket insulation, boards, and custom shapes built around several proprietary brands, including Pyrogel, Cryogel and Spaceloft.