Aterian (NASDAQ:ATER) Issues Earnings Results, Beats Estimates By $0.30 EPS

Aterian (NASDAQ:ATER) announced its quarterly earnings data on Monday. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.30, Zacks reports. The firm had revenue of $26.24 million for the quarter. Aterian had a negative net margin of 17.05% and a negative return on equity of 54.88%. Aterian updated its Q4 2024 guidance to EPS.

Aterian Stock Down 2.4 %

NASDAQ ATER opened at $2.88 on Wednesday. The stock has a market capitalization of $24.74 million, a PE ratio of -1.05 and a beta of 2.06. The company has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $2.81. Aterian has a 12-month low of $1.90 and a 12-month high of $6.54.

Insider Buying and Selling at Aterian

In other Aterian news, CTO Roi Zion Zahut sold 14,050 shares of Aterian stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $3.06, for a total value of $42,993.00. Following the completion of the sale, the chief technology officer now directly owns 201,494 shares in the company, valued at $616,571.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Arturo Rodriguez sold 10,325 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.07, for a total transaction of $31,697.75. Following the completion of the sale, the chief executive officer now directly owns 531,588 shares of the company’s stock, valued at approximately $1,631,975.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Roi Zion Zahut sold 14,050 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.06, for a total transaction of $42,993.00. Following the sale, the chief technology officer now directly owns 201,494 shares of the company’s stock, valued at approximately $616,571.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,015 shares of company stock worth $150,562 over the last ninety days. 10.70% of the stock is currently owned by insiders.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.