Aterian (NASDAQ:ATER) Issues Earnings Results, Hits Expectations

Aterian (NASDAQ:ATER – Get Rating) announced its quarterly earnings results on Monday. The company reported ($0.25) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.25), Fidelity Earnings reports. Aterian had a negative return on equity of 42.93% and a negative net margin of 94.74%. During the same quarter in the prior year, the business posted ($0.64) earnings per share.

Shares of Aterian stock opened at $3.99 on Tuesday. Aterian has a 12-month low of $2.10 and a 12-month high of $21.07. The company has a market capitalization of $247.76 million, a price-to-earnings ratio of -0.52 and a beta of 1.25. The firm’s 50-day moving average price is $3.71 and its two-hundred day moving average price is $4.18.

A number of analysts have recently issued reports on the stock. DA Davidson cut their target price on shares of Aterian from $14.00 to $7.00 in a research note on Wednesday, March 9th. Alliance Global Partners reduced their price objective on Aterian from $9.00 to $4.50 in a report on Friday, March 11th. Zacks Investment Research lowered Aterian from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, BTIG Research dropped their price objective on shares of Aterian from $9.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Aterian has an average rating of “Buy” and a consensus target price of $13.83.

In related news, insider Yaniv Zion Sarig sold 166,127 shares of Aterian stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $2.68, for a total value of $445,220.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.80% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its holdings in shares of Aterian by 53.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 150,339 shares of the company’s stock worth $618,000 after acquiring an additional 52,485 shares during the last quarter. Squarepoint Ops LLC bought a new position in Aterian in the 4th quarter valued at approximately $572,000. Goldman Sachs Group Inc. lifted its holdings in shares of Aterian by 435.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 83,596 shares of the company’s stock worth $344,000 after purchasing an additional 67,975 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Aterian by 22.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 80,743 shares of the company’s stock worth $332,000 after purchasing an additional 15,012 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Aterian in the fourth quarter valued at about $302,000. 17.13% of the stock is currently owned by institutional investors and hedge funds.

Aterian Company Profile (Get Rating)

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. The company provides Artificial Intelligence Marketplace e-Commerce Engine, a software technology platform, which uses machine learning, natural language processing, and data analytics to design, develop, market, and sell products.

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