Aterian (NASDAQ:ATER) Announces Earnings Results, Beats Estimates By $0.30 EPS

Aterian (NASDAQ:ATER) announced its quarterly earnings results on Friday. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.30, Zacks reports. Aterian had a negative net margin of 27.52% and a negative return on equity of 68.00%. The firm had revenue of $18.00 million during the quarter, compared to the consensus estimate of $15.82 million.

Aterian Price Performance

Shares of NASDAQ:ATER opened at $1.09 on Friday. The firm has a fifty day moving average price of $0.75 and a two-hundred day moving average price of $0.74. Aterian has a one year low of $0.52 and a one year high of $2.10. The company has a market cap of $11.79 million, a price-to-earnings ratio of -0.42 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aterian in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Aterian has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATER. XTX Topco Ltd bought a new stake in shares of Aterian during the 2nd quarter worth $55,000. Goldman Sachs Group Inc. grew its position in Aterian by 73.0% in the first 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 grew its position in Aterian by 310.2% in the third 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 in the last quarter. Finally, Citadel Advisors LLC grew its position in Aterian by 222.0% in the third quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock worth $35,000 after acquiring an additional 22,865 shares in the last quarter. 7.02% of the stock is owned by institutional investors.

Aterian Company Profile

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.