Posted by admin on Apr 17th, 2022 
Aterian, Inc. (NASDAQ:ATER – Get Rating) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.83.
Several research 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 report on Wednesday, March 9th. Alliance Global Partners reduced their price objective on Aterian from $9.00 to $4.50 in a research report on Friday, March 11th. DA Davidson decreased their target price on shares of Aterian from $14.00 to $7.00 in a research report on Wednesday, March 9th. Finally, Zacks Investment Research upgraded Aterian from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Tuesday, April 12th.
In related news, insider Yaniv Zion Sarig sold 166,127 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $2.68, for a total transaction of $445,220.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ATER. Hudson Bay Capital Management LP grew its stake in Aterian by 327.3% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,347,184 shares of the company’s stock valued at $34,709,000 after buying an additional 2,563,883 shares during the last quarter. Meitav Dash Investments Ltd. lifted its holdings in Aterian by 183.1% during the 3rd quarter. Meitav Dash Investments Ltd. now owns 754,886 shares of the company’s stock worth $8,175,000 after purchasing an additional 488,219 shares during the last quarter. Morgan Stanley acquired a new stake in Aterian during the 2nd quarter worth approximately $5,227,000. BlackRock Inc. grew its holdings in Aterian by 24.7% in the 3rd quarter. BlackRock Inc. now owns 1,547,874 shares of the company’s stock valued at $16,762,000 after buying an additional 306,539 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Aterian by 41.9% during the 4th quarter. Geode Capital Management LLC now owns 584,904 shares of the company’s stock worth $2,403,000 after buying an additional 172,652 shares during the period. 24.29% of the stock is currently owned by institutional investors.
NASDAQ:ATER opened at $5.53 on Friday. Aterian has a 12-month low of $2.10 and a 12-month high of $27.00. The stock’s fifty day simple moving average is $3.14 and its 200-day simple moving average is $4.64. The firm has a market capitalization of $343.36 million, a P/E ratio of -0.73 and a beta of 2.71.
Aterian (NASDAQ:ATER – Get Rating) last posted its earnings results on Tuesday, March 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.20. Aterian had a negative return on equity of 42.93% and a negative net margin of 94.74%. During the same quarter last year, the company posted ($0.33) earnings per share. On average, sell-side analysts predict that Aterian will post -0.64 earnings per share for the current year.
About Aterian (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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