In a report released on September 29, Marvin Fong from BTIG maintained a Buy rating on Aterian (ATER – Research Report), with a price target of $4.50. The company’s shares closed yesterday at $1.24.
Fong covers the Consumer Goods sector, focusing on stocks such as Mercadolibre, Aterian, and Boxed. According to TipRanks, Fong has an average return of -13.3% and a 26.35% success rate on recommended stocks.
Aterian has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.
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Based on Aterian’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $58.27 million and a GAAP net loss of $16.31 million. In comparison, last year the company earned a revenue of $68.19 million and had a GAAP net loss of $36.31 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATER in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mohawk Group Holdings, Inc. is a technology enabled consumer products company. Its product categories include home and kitchen appliances, kitchenware, environmental appliances, beauty related products and consumer electronics. The company was founded by Yaniv Sarig Zion, Asher Delug, and Maximus Yaney in 2014 and is headquartered in New York, NY.
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