Ieq Capital LLC purchased a new position in shares of Aspen Aerogels, Inc. (NYSE:ASPN – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 103,313 shares of the construction company’s stock, valued at approximately $655,000.
Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Aspen Aerogels by 95.8% during the first quarter. Royal Bank of Canada now owns 8,523 shares of the construction company’s stock valued at $29,000 after purchasing an additional 4,169 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in shares of Aspen Aerogels in the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aspen Aerogels in the 4th quarter valued at $30,000. Clarus Group Inc. acquired a new stake in shares of Aspen Aerogels in the 1st quarter valued at $36,000. Finally, WINTON GROUP Ltd bought a new position in shares of Aspen Aerogels in the 4th quarter valued at $40,000. 97.64% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
ASPN has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Aspen Aerogels in a report on Wednesday, June 24th. Barclays lifted their target price on 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 downgraded Aspen Aerogels from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. B. Riley Financial reissued a “buy” rating on shares of Aspen Aerogels in a research note on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $7.75 target price 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 given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.94.
Aspen Aerogels Stock Down 5.7%
Shares of NYSE:ASPN opened at $4.93 on Friday. The company has a fifty day moving average of $5.40 and a 200-day moving average of $4.64. The company has a market capitalization of $409.14 million, a PE ratio of -3.22 and a beta of 2.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.24 and a current ratio of 2.52. Aspen Aerogels, Inc. has a 52-week low of $2.30 and a 52-week high of $9.35.
Aspen Aerogels (NYSE:ASPN – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $42.42 million. Aspen Aerogels has set its Q3 2026 guidance at -0.110–0.070 EPS. On average, equities analysts predict that Aspen Aerogels, Inc. will post -0.69 EPS for the current fiscal year.
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.
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