Aterian (NASDAQ:ATER) Stock Price Down 3.8% – Should You Sell?

Shares of Aterian, Inc. (NASDAQ:ATER) fell 3.8% during mid-day trading on Monday . The company traded as low as $1.24 and last traded at $1.25. 106,227 shares changed hands during trading, a decline of 35% from the average session volume of 164,060 shares. The stock had previously closed at $1.30.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATER shares. Weiss Ratings upgraded Aterian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded Aterian to a “hold” rating in a research report on Saturday, June 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Aterian Stock Down 37.8%

The stock’s 50 day moving average price is $1.21 and its 200-day moving average price is $0.89. The stock has a market capitalization of $6.93 million, a PE ratio of -0.25 and a beta of 0.68.

Aterian (NASDAQ:ATER) last released its earnings results on Friday, May 15th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.30. Aterian had a negative net margin of 39.56% and a negative return on equity of 82.05%. The company had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $15.82 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position 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 worth $45,000 after acquiring an additional 9,026 shares during the last quarter. XTX Topco Ltd bought a new position in Aterian during the second quarter valued at approximately $55,000. Citadel Advisors LLC boosted its stake in Aterian by 222.0% during the third quarter. Citadel Advisors LLC now owns 33,165 shares of the company’s stock valued at $35,000 after buying an additional 22,865 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in Aterian by 310.2% during the 3rd quarter. Susquehanna International Group LLP now owns 40,512 shares of the company’s stock valued at $43,000 after buying an additional 30,637 shares in the last quarter. 7.02% of the stock is owned by hedge funds and other 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.