Aterian, Inc. (NASDAQ:ATER) Sees Significant Increase in Short Interest

Aterian, Inc. (NASDAQ:ATERGet Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 13,000,000 shares, an increase of 24.3% from the April 15th total of 10,460,000 shares. Based on an average daily volume of 19,680,000 shares, the short-interest ratio is presently 0.7 days. Currently, 24.5% of the company’s shares are short sold.

A number of analysts have weighed in on the company. BTIG Research reduced their target price on Aterian from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 9th. Zacks Investment Research upgraded Aterian from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, May 10th. DA Davidson reduced their target price on Aterian from $14.00 to $7.00 in a research note on Wednesday, March 9th. Finally, Alliance Global Partners cut their price target on Aterian from $9.00 to $4.50 in a research note on Friday, March 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Aterian presently has an average rating of “Buy” and an average price target of $13.83.

In other Aterian news, insider Yaniv Zion Sarig sold 166,127 shares of the stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $2.68, for a total value of $445,220.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of ATER. Rockefeller Capital Management L.P. bought a new stake in Aterian during the third quarter valued at about $32,000. Citigroup Inc. boosted its position in Aterian by 96.9% during the third quarter. Citigroup Inc. now owns 4,697 shares of the company’s stock valued at $51,000 after purchasing an additional 2,312 shares in the last quarter. Rhumbline Advisers boosted its position in Aterian by 37.5% during the first quarter. Rhumbline Advisers now owns 22,753 shares of the company’s stock valued at $55,000 after purchasing an additional 6,205 shares in the last quarter. Wells Fargo & Company MN boosted its position in Aterian by 3,180.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,255 shares of the company’s stock valued at $63,000 after purchasing an additional 14,790 shares in the last quarter. Finally, Royal Bank of Canada bought a new stake in Aterian during the second quarter valued at about $65,000. 17.13% of the stock is currently owned by institutional investors.

Shares of Aterian stock opened at $3.48 on Tuesday. The firm has a market cap of $216.09 million, a P/E ratio of -0.66 and a beta of 1.25. Aterian has a 12 month low of $2.10 and a 12 month high of $21.07. The stock’s fifty day moving average price is $3.78 and its 200-day moving average price is $4.06.

Aterian (NASDAQ:ATERGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.25) EPS for the quarter, meeting the consensus estimate of ($0.25). Aterian had a negative return on equity of 33.08% and a negative net margin of 80.79%. During the same quarter last year, the company earned ($0.64) EPS. As a group, research analysts forecast that Aterian will post -1.19 earnings per share for the current year.

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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