Brokerages Expect Aterian, Inc. (NASDAQ:ATER) to Announce -$0.18 Earnings Per Share

Equities research analysts forecast that Aterian, Inc. (NASDAQ:ATER – Get Rating) will report earnings of ($0.18) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aterian’s earnings, with estimates ranging from ($0.23) to ($0.12). Aterian reported earnings of ($0.80) per share in the same quarter last year, which suggests a positive year over year growth rate of 77.5%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Aterian will report full year earnings of ($1.19) per share for the current fiscal year, with EPS estimates ranging from ($1.38) to ($0.99). For the next financial year, analysts forecast that the business will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.40) to ($0.34). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Aterian.

Aterian (NASDAQ:ATER – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.25). Aterian had a negative net margin of 80.79% and a negative return on equity of 33.08%. During the same quarter last year, the business posted ($0.64) EPS.

ATER has been the subject of several analyst reports. BTIG Research dropped their price target on shares of Aterian from $9.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 9th. Zacks Investment Research upgraded shares of Aterian from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, May 10th. Alliance Global Partners reduced their price target on shares of Aterian from $9.00 to $4.50 in a report on Friday, March 11th. Finally, DA Davidson reduced their price target on shares of Aterian from $14.00 to $7.00 in a report on Wednesday, March 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Aterian presently has an average rating of “Buy” and an average target price of $13.83.

NASDAQ:ATER traded down $0.22 on Monday, hitting $3.13. The company had a trading volume of 5,426,227 shares, compared to its average volume of 15,161,738. The stock has a market capitalization of $194.34 million, a price-to-earnings ratio of -0.60 and a beta of 1.25. The firm has a 50 day moving average of $3.86 and a two-hundred day moving average of $4.01. Aterian has a 52 week low of $2.10 and a 52 week high of $21.07.

In related news, insider Yaniv Zion Sarig sold 166,127 shares of the firm’s stock in a transaction dated Wednesday, March 23rd. The shares were 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 can be accessed through this hyperlink. 4.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ATER. Royal Bank of Canada bought a new stake in shares of Aterian in the second quarter valued at approximately $65,000. Bank of America Corp DE bought a new stake in shares of Aterian in the second quarter valued at approximately $170,000. Morgan Stanley bought a new stake in shares of Aterian in the second quarter valued at approximately $5,227,000. Deutsche Bank AG raised its position in shares of Aterian by 225.6% in the third quarter. Deutsche Bank AG now owns 41,903 shares of the company’s stock valued at $454,000 after purchasing an additional 29,032 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in Aterian during the third quarter valued at approximately $124,000. 17.13% of the stock is currently owned by institutional investors.

Aterian Company Profile (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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