B. Riley Cuts Aspen Aerogels (NYSE:ASPN) Price Target to $22.00

Aspen Aerogels (NYSE:ASPN) had its price objective decreased by B. Riley from $35.00 to $22.00 in a research report sent to investors on Wednesday,Benzinga reports. B. Riley currently has a buy rating on the construction company’s stock. B. Riley also issued estimates for Aspen Aerogels’ Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.22 EPS, FY2026 earnings at $0.75 EPS and FY2027 earnings at $1.30 EPS.

ASPN has been the topic of several other reports. Canaccord Genuity Group lowered their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Craig Hallum lowered their target price on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays lowered their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday. Seaport Res Ptn cut shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Aspen Aerogels has a consensus rating of “Moderate Buy” and a consensus target price of $22.44.

Aspen Aerogels Stock Down 1.4 %

Aspen Aerogels stock opened at $8.04 on Wednesday. The stock has a market cap of $659.27 million, a P/E ratio of 50.22 and a beta of 2.14. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. Aspen Aerogels has a twelve month low of $7.96 and a twelve month high of $33.15. The company’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $18.15.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. As a group, analysts expect that Aspen Aerogels will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASPN. Vanguard Group Inc. boosted its position in Aspen Aerogels by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock valued at $51,800,000 after buying an additional 226,251 shares in the last quarter. FMR LLC boosted its position in Aspen Aerogels by 23.6% in the third 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. Oaktop Capital Management II L.P. boosted its position in Aspen Aerogels by 5.6% in the fourth quarter. Oaktop Capital Management II L.P. now owns 3,740,525 shares of the construction company’s stock valued at $44,437,000 after buying an additional 200,000 shares in the last quarter. Needham Investment Management LLC boosted its position in Aspen Aerogels by 5.2% in the fourth quarter. Needham Investment Management LLC now owns 2,389,700 shares of the construction company’s stock valued at $28,390,000 after buying an additional 117,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Aspen Aerogels by 25.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock valued at $23,983,000 after buying an additional 409,862 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

About Aspen Aerogels

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.