In a report released yesterday, Marvin Fong from BTIG maintained a Hold rating on Aterian (ATER – Research Report). The company’s shares closed last Friday at $0.35.
According to TipRanks, Fong is an analyst with an average return of -9.3% and a 38.68% success rate. Fong covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, Etsy, and Beyond Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aterian with a $1.00 average price target.
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Based on Aterian’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $39.67 million and a GAAP net loss of $6.27 million. In comparison, last year the company earned a revenue of $66.33 million and had a GAAP net loss of $116.9 million
Based on the recent corporate insider activity of 25 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.
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Aterian (ATER) Company Description:
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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