Aterian (NASDAQ:ATER) Issues Quarterly Earnings Results

Aterian (NASDAQ:ATER) announced its quarterly earnings results on Friday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.12, FiscalAI reports. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $20.30 million. Aterian had a negative return on equity of 82.05% and a negative net margin of 39.56%.

Aterian Trading Up 3.4%

NASDAQ:ATER traded up $0.02 during mid-day trading on Friday, hitting $0.50. The company had a trading volume of 128,523 shares, compared to its average volume of 1,951,772. The business has a fifty day simple moving average of $0.98 and a 200-day simple moving average of $0.85. Aterian has a 1 year low of $0.35 and a 1 year high of $1.87. The firm has a market capitalization of $5.44 million, a price-to-earnings ratio of -0.19 and a beta of 0.78.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Aterian from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Aterian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Aterian has a consensus rating of “Sell”.

Institutional Investors Weigh In On Aterian

A number of large investors have recently modified their holdings of ATER. XTX Topco Ltd purchased a new stake in shares of Aterian during the 2nd quarter valued at about $55,000. Goldman Sachs Group Inc. lifted its position in Aterian by 73.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock worth $45,000 after acquiring an additional 9,026 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in Aterian by 310.2% in the 3rd quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock worth $43,000 after acquiring an additional 30,637 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Aterian by 222.0% in the 3rd quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock worth $35,000 after acquiring an additional 22,865 shares during the period. Institutional investors and hedge funds own 7.02% of the company’s stock.

About Aterian

Aterian Inc is a technology-driven consumer products company that leverages artificial intelligence and machine learning to develop, source and market branded household, health and personal care products. Through its proprietary data analytics platform, Aterian identifies emerging trends, forecasts demand and optimizes product selection, pricing and distribution. The company maintains a vertically integrated supply chain, overseeing manufacturing partnerships and logistics to support rapid product development and market entry.

Aterian’s portfolio spans a range of categories including home and kitchen, health and wellness, baby care, beauty tools and electronics accessories.