Aterian (NASDAQ:ATER) PT Raised to $14.00

Aterian (NASDAQ:ATER) had its price target lifted by investment analysts at Alliance Global Partners from $9.00 to $14.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the stock. Alliance Global Partners’ price target points to a potential upside of 8.02% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other research analysts have also issued reports on ATER. DA Davidson raised their target price on shares of Aterian from $7.00 to $14.00 and gave the company a “buy” rating in a research note on Friday. BTIG Research lowered their target price on shares of Aterian from $36.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 9th. Roth Capital raised their target price on shares of Aterian from $5.50 to $12.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer reiterated a “buy” rating and issued a $50.00 target price on shares of Aterian in a research note on Thursday, June 3rd. Finally, Zacks Investment Research lowered shares of Aterian from a “hold” rating to a “sell” rating in a research note on Wednesday, July 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $20.00.

Aterian stock opened at $12.96 on Friday. The company has a market cap of $463.13 million, a P/E ratio of -1.98 and a beta of 4.12. The firm’s fifty day simple moving average is $8.20. Aterian has a 1-year low of $3.04 and a 1-year high of $48.99.

Aterian (NASDAQ:ATER) last released its quarterly earnings results on Sunday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.18. The business had revenue of $68.19 million for the quarter, compared to the consensus estimate of $98.03 million. Aterian had a negative net margin of 75.72% and a negative return on equity of 70.90%. Research analysts predict that Aterian will post -2.05 EPS for the current fiscal year.

In other Aterian news, major shareholder 9830 Macarthur, Llc sold 181,000 shares of the firm’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $7.26, for a total value of $1,314,060.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 259,406 shares of company stock worth $1,876,563 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. bought a new position in shares of Aterian during the 2nd quarter worth about $35,000. Advisor Group Holdings Inc. bought a new position in Aterian during the 2nd quarter valued at about $43,000. Ayalon Holdings Ltd. bought a new position in Aterian during the 2nd quarter valued at about $61,000. Royal Bank of Canada bought a new position in Aterian during the 2nd quarter valued at about $65,000. Finally, JPMorgan Chase & Co. bought a new position in Aterian during the 2nd quarter valued at about $112,000. 30.82% of the stock is owned by institutional investors.

About Aterian

Aterian, Inc is a technology enabled consumer products company. The company’s brands include hOme, Vremi, Xtava and RIF6. Its product categories include home and kitchen appliances, kitchenware, environmental appliances, beauty related products and consumer electronics. The company was founded by Yaniv Sarig Zion in 2014 and is headquartered in New York, NY.

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