Key Points
- Major shareholder Wood River Capital sold 12.28 million Aspen Aerogels shares at an average price of $4.73, generating approximately $58.1 million. The sale was disclosed in an SEC filing.
- Aspen Aerogels recently reported quarterly revenue of $49.85 million and an adjusted loss of $0.22 per share, narrowly beating analyst expectations. The company remains unprofitable, with a projected full-year loss of $0.69 per share.
- Analyst sentiment is mixed, with four Buy, one Hold and two Sell ratings; the consensus rating is Hold with an average price target of $5.94. The stock was trading down 6.8% and opened at $5.29.
Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report) major shareholder Wood River Capital, Llc sold 12,280,426 shares of the company's stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $4.73, for a total transaction of $58,086,414.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Aspen Aerogels Trading Down 6.8%
ASPN opened at $5.29 on Friday. The stock has a 50-day moving average of $5.19 and a 200 day moving average of $4.87. 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, Inc. has a 12 month low of $2.30 and a 12 month high of $9.35. The firm has a market cap of $439.18 million, a P/E ratio of -3.46 and a beta of 2.97.
Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.01. The business had revenue of $49.85 million for the quarter, compared to the consensus estimate of $42.42 million. Aspen Aerogels had a negative return on equity of 31.12% and a negative net margin of 62.45%.Aspen Aerogels has set its Q3 2026 guidance at -0.110--0.070 EPS. As a group, research analysts forecast that Aspen Aerogels, Inc. will post -0.69 EPS for the current year.
Institutional Trading of Aspen Aerogels
Large investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in Aspen Aerogels in the 2nd quarter worth about $44,000. Royal Bank of Canada boosted its position in Aspen Aerogels by 95.8% in the 1st quarter. Royal Bank of Canada now owns 8,523 shares of the construction company's stock valued at $29,000 after buying an additional 4,169 shares during the period. Clarus Group Inc. bought a new position in Aspen Aerogels in the 1st quarter worth about $36,000. Caitong International Asset Management Co. Ltd bought a new position in Aspen Aerogels in the 4th quarter worth about $30,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Aspen Aerogels during the second quarter worth approximately $69,000. 97.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have commented on ASPN. Roth Capital reaffirmed a "buy" rating and set a $7.75 price objective on shares of Aspen Aerogels in a research note on Friday, August 7th. Wall Street Zen cut shares of Aspen Aerogels from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Aspen Aerogels in a report on Monday. Barclays increased their price objective on shares of Aspen Aerogels from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 11th. Finally, B. Riley Financial restated a "buy" rating on shares of Aspen Aerogels in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $5.94.
Read Our Latest Report on ASPN
Aspen Aerogels Company Profile
(
Get Free Report)
Aspen Aerogels, Inc is a technology company that develops, manufactures and sells advanced aerogel-based materials. Aerogels are highly porous materials designed to provide thermal insulation, fire protection and other performance benefits in applications where conventional insulation may be less effective or require more space.
The company serves the energy, industrial and automotive markets. Its products include thermal barriers for electric vehicle batteries, insulation materials for industrial and energy infrastructure, and specialty aerogel products used in applications involving heat management, fire mitigation and cryogenic or high-temperature environments.
Further Reading
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