Aterian (NASDAQ:ATER) Announces Quarterly Earnings Results

Aterian (NASDAQ:ATER) announced its quarterly earnings results on Friday. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.12, FiscalAI reports. Aterian had a negative return on equity of 82.05% and a negative net margin of 39.56%.The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $20.30 million.

Aterian Stock Up 3.4%

Shares of ATER traded up $0.02 on Friday, hitting $0.50. 128,523 shares of the stock traded hands, compared to its average volume of 1,951,772. Aterian has a 1 year low of $0.35 and a 1 year high of $1.87. The stock’s 50 day moving average is $0.98 and its two-hundred day moving average is $0.85. The firm has a market capitalization of $5.44 million, a P/E ratio of -0.19 and a beta of 0.78.

Analysts Set New Price Targets

Several analysts have recently commented on ATER shares. Wall Street Zen lowered shares of Aterian from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings raised Aterian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Aterian presently has an average rating of “Sell”.

Institutional Investors Weigh In On Aterian

Several hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its position in shares of Aterian by 310.2% in the third quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock valued at $43,000 after purchasing an additional 30,637 shares during the period. Citadel Advisors LLC boosted its position in shares of 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 during the last quarter. XTX Topco Ltd acquired a new stake in shares of Aterian in the second quarter worth approximately $55,000. Finally, Goldman Sachs Group Inc. grew its holdings in Aterian by 73.0% in the first quarter. Goldman Sachs Group Inc. now owns 21,392 shares of the company’s stock valued at $45,000 after purchasing an additional 9,026 shares during the period. Institutional investors and hedge funds own 7.02% of the company’s stock.

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.