Aspen Aerogels, Inc. (NYSE:ASPN – Free Report) – Investment analysts at B. Riley issued their FY2024 earnings estimates for Aspen Aerogels in a research note issued on Monday, January 6th. B. Riley analyst R. Pfingst anticipates that the construction company will post earnings per share of $0.16 for the year. The consensus estimate for Aspen Aerogels’ current full-year earnings is $0.11 per share. B. Riley also issued estimates for Aspen Aerogels’ Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $0.54 EPS, FY2026 earnings at $0.87 EPS and FY2027 earnings at $1.33 EPS.
A number of other brokerages also recently commented on ASPN. Piper Sandler decreased their price objective on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Roth Mkm decreased their price objective on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 8th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research report on Wednesday, November 13th. Barclays decreased their price objective on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.
Aspen Aerogels Stock Down 4.9 %
Aspen Aerogels stock opened at $12.52 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of 1,253.25 and a beta of 2.14. Aspen Aerogels has a 1-year low of $10.75 and a 1-year high of $33.15. The company has a fifty day simple moving average of $13.94 and a 200 day simple moving average of $20.64. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.
Institutional Trading of Aspen Aerogels
Several hedge funds and other institutional investors have recently bought and sold shares of ASPN. Driehaus Capital Management LLC raised its stake in Aspen Aerogels by 130.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,156,789 shares of the construction company’s stock worth $51,439,000 after purchasing an additional 1,220,724 shares in the last quarter. FMR LLC raised its position in shares of Aspen Aerogels by 23.6% in the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after buying an additional 773,647 shares in the last quarter. American Century Companies Inc. raised its position in shares of Aspen Aerogels by 562.3% in the 2nd quarter. American Century Companies Inc. now owns 770,729 shares of the construction company’s stock valued at $18,382,000 after buying an additional 654,350 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Aspen Aerogels in the 2nd quarter valued at approximately $9,339,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Aspen Aerogels in the 3rd quarter valued at approximately $10,126,000. Institutional investors and hedge funds own 97.64% of the company’s stock.
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.
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