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

Aterian (NASDAQ:ATER) released its quarterly earnings results on Monday. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.30, Zacks reports. The company had revenue of $26.24 million for the quarter. Aterian had a negative return on equity of 64.24% and a negative net margin of 18.88%. Aterian updated its Q4 2024 guidance to EPS.

Aterian Stock Performance

Shares of ATER stock traded down $0.07 during midday trading on Tuesday, reaching $2.88. 44,514 shares of the company were exchanged, compared to its average volume of 94,314. The company’s 50 day moving average price is $2.99 and its two-hundred day moving average price is $2.81. The company has a market cap of $24.74 million, a P/E ratio of -0.84 and a beta of 2.06. Aterian has a 12 month low of $1.90 and a 12 month high of $6.54.

Insider Activity at Aterian

In other Aterian news, Director William Kurtz sold 8,547 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.01, for a total value of $25,726.47. Following the completion of the sale, the director now directly owns 47,216 shares in the company, valued at $142,120.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director William Kurtz sold 8,547 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $3.01, for a total transaction of $25,726.47. Following the completion of the transaction, the director now owns 47,216 shares in the company, valued at approximately $142,120.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Roi Zion Zahut sold 14,050 shares of Aterian stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now directly owns 201,494 shares in the company, valued at $616,571.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,015 shares of company stock worth $150,562 over the last quarter. 10.70% of the stock is currently owned by company insiders.

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.