Aterian (NASDAQ:ATER) Trading Up 2.8% – Still a Buy?

Aterian, Inc. (NASDAQ:ATER) shares traded up 2.8% during mid-day trading on Friday . The company traded as high as $0.7173 and last traded at $0.7150. 80,773 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 178,857 shares. The stock had previously closed at $0.6955.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aterian in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $4.00.

Aterian Stock Performance

The stock has a fifty day moving average of $0.79 and a 200-day moving average of $1.05. The company has a market cap of $7.17 million, a PE ratio of -0.44 and a beta of 0.03.

Aterian (NASDAQ:ATER) last released its earnings results on Thursday, November 13th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.35. The business had revenue of $19.02 million during the quarter, compared to the consensus estimate of $19.88 million. Aterian had a negative return on equity of 47.45% and a negative net margin of 15.73%.

Hedge Funds Weigh In On Aterian

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in shares of Aterian by 73.0% during the first quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock valued at $45,000 after acquiring an additional 9,026 shares in the last quarter. XTX Topco Ltd purchased a new position in Aterian during the 2nd quarter worth $55,000. Citadel Advisors LLC raised its position in Aterian by 222.0% during the 3rd quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock valued at $35,000 after purchasing an additional 22,865 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Aterian during the 2nd quarter valued at $58,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of 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 buying an additional 30,637 shares during the period. 7.02% of the stock is currently owned by institutional investors.

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.