BTIG analyst Marvin Fong maintained a Buy rating on Aterian (ATER – Research Report) yesterday and set a price target of $3.50. The company’s shares closed yesterday at $1.33.
According to TipRanks, Fong is an analyst with an average return of -10.8% and a 33.15% success rate. Fong covers the Consumer Goods sector, focusing on stocks such as Mercadolibre, Etsy, and Farfetch.
Currently, the analyst consensus on Aterian is a Strong Buy with an average price target of $2.92.
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Based on Aterian’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $66.33 million and a GAAP net loss of $116.9 million. In comparison, last year the company earned a revenue of $68.12 million and had a GAAP net loss of $110.56 million
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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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