Aterian (NASDAQ:ATER) Posts Earnings Results, Beats Expectations By $0.30 EPS

Aterian (NASDAQ:ATER) posted its quarterly earnings results on Monday. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate 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 18.88% and a negative return on equity of 64.24%. Aterian updated its Q4 2024 guidance to EPS.

Aterian Stock Down 2.4 %

NASDAQ ATER traded down $0.07 during trading hours on Tuesday, hitting $2.88. The company had a trading volume of 44,514 shares, compared to its average volume of 94,314. The business has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $2.81. The firm has a market cap of $24.74 million, a P/E ratio of -0.84 and a beta of 2.06. Aterian has a fifty-two week low of $1.90 and a fifty-two week high of $6.54.

Insider Buying and Selling

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