Aterian (NASDAQ:ATER) Downgraded to Sell Rating by Wall Street Zen

Aterian (NASDAQ:ATER) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Alliance Global Partners cut Aterian from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd.

Aterian Price Performance

Shares of ATER stock opened at $0.95 on Friday. The stock has a market cap of $9.50 million, a PE ratio of -0.60 and a beta of 0.23. The stock has a 50-day moving average of $1.37 and a 200-day moving average of $1.76. Aterian has a one year low of $0.90 and a one year high of $3.84.

Aterian (NASDAQ:ATER) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.09). The company had revenue of $19.46 million during the quarter, compared to the consensus estimate of $20.37 million. Aterian had a negative net margin of 13.81% and a negative return on equity of 42.25%.

Insider Transactions at Aterian

In related news, insider Phillip Lepper sold 27,532 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1.65, for a total transaction of $45,427.80. Following the completion of the sale, the insider directly owned 150,402 shares of the company’s stock, valued at approximately $248,163.30. This represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 74,710 shares of company stock worth $108,014. 19.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Aterian

A number of large investors have recently bought and sold shares of ATER. Virtu Financial LLC bought a new stake in Aterian during the 1st quarter worth approximately $26,000. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 9,026 shares in the last quarter. XTX Topco Ltd bought a new stake in Aterian during the 2nd quarter worth approximately $55,000. Ground Swell Capital LLC bought a new stake in Aterian during the 2nd quarter worth approximately $58,000. Finally, Squarepoint Ops LLC bought a new stake in Aterian during the 4th quarter worth approximately $64,000. 7.02% of the stock is owned by institutional investors.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.