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

Aterian (NASDAQ:ATERGet Free Report) announced its quarterly earnings data on Monday. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.30, Zacks reports. The company 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 Price Performance

Shares of ATER opened at $2.88 on Wednesday. The firm’s 50 day moving average is $2.99 and its 200-day moving average is $2.81. The stock has a market capitalization of $24.74 million, a P/E ratio of -1.05 and a beta of 2.06. Aterian has a 12-month low of $1.90 and a 12-month high of $6.54.

Insider Transactions at Aterian

In other news, CEO Arturo Rodriguez sold 10,325 shares of Aterian 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 transaction, the chief executive officer now directly owns 531,588 shares of the company’s stock, valued at $1,631,975.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director William Kurtz sold 8,547 shares of Aterian stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $3.01, for a total value of $25,726.47. Following the transaction, the director now directly owns 47,216 shares of the company’s stock, valued at $142,120.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 a total of 49,015 shares of company stock valued at $150,562 over the last ninety days. Corporate insiders own 10.70% of the company’s stock.

Aterian Company Profile

(Get Free Report)

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.

See Also

Earnings History for Aterian (NASDAQ:ATER)

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