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

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

Aterian Stock Performance

NASDAQ ATER traded down $0.03 on Wednesday, reaching $2.85. The company’s stock had a trading volume of 40,179 shares, compared to its average volume of 94,053. The firm’s 50 day moving average is $2.99 and its two-hundred day moving average is $2.81. The stock has a market cap of $24.48 million, a PE ratio of -1.05 and a beta of 2.06. Aterian has a twelve month low of $1.90 and a twelve month high of $6.54.

Insider Transactions at Aterian

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

About Aterian

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.