The Vanguard Group, Inc. recently announced the acquisition of new stake in Aterian Inc. (NASDAQ:ATER). The institutional investor has increased its shareholding in the Consumer Cyclical company by 5.71% to 2.87 million shares with purchase of 0.16 million shares. This fresh investment now brings its stake to 3.54% valued currently at $2.27 million. In addition, Geode Capital Management LLC raised its holdings by 75227.0 to 1.3 million shares. And Northern Trust Investments, Inc. has lifted its position by 8.22% or 42365.0 shares – to 0.56 million shares.
With over 2.07 million Aterian Inc. (ATER) shares trading Monday and a closing price of $0.60 on the day, the dollar volume was approximately $1.24 million. The shares have shown a negative half year performance of -47.04% and its price on 05/22/23 gained nearly 6.80%. Currently, there are 75.93M common shares owned by the public and among those 73.32M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for ATER have a consensus price objective of $1.43. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $0.85. The average price target is 68.75% above its recent price level and an upside to the estimated low will see the stock gain 29.41% over that period. But an upside of 70.0% will see the stock hit the forecast high price target while median target price for the stock is $1.43.
Insiders at the company have transacted a total of 34 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 2,153,103 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 192,443 shares.
The top 3 mutual fund holders in Aterian Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 2.13 million shares of the company’s stock, all valued at over $1.68 million. iShares Russell 2000 ETF sold 20480.0 shares to see its total holdings shrink to 1.4 million shares valued at over $1.11 million and representing 1.73% of the shares outstanding. Vanguard Extended Market Index Fu bought 12500.0 shares to bring its total holdings to over 1.0 million shares at a value of $0.79 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.23% of the shares outstanding.
Shares of Aterian Inc. (NASDAQ: ATER) opened at $0.53, down -$0.03 from a prior closing price of $0.56. However, the script later moved the day high at 0.6000, up 6.80%. The company’s stock has a 5-day price change of -2.06% and -50.55% over the past three months. ATER shares are trading -22.32% year to date (YTD), with the 12-month market performance down to -82.14% lower. It has a 12-month low price of $0.45 and touched a high of $3.58 over the same period. ATER has an average intraday trading volume of 874.08K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.94%, -23.89%, and -53.87% respectively.
Institutional ownership of Aterian Inc. (NASDAQ: ATER) shares accounts for 26.20% of the company’s 75.93M shares outstanding. Mutual fund holders own 9.11%, while other institutional holders and individual stakeholders account for 9.67% and 7.67% respectively.
It has a market capitalization of $55.46M and a beta (3y monthly) value of 1.99. The earnings-per-share (ttm) stands at -$3.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.58% over the week and 11.53% over the month.
Analysts forecast that Aterian Inc. (ATER) will achieve an EPS of -$0.12 for the current quarter, -$0.08 for the next quarter and -$0.42 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.14 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was -$0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 55.80%, and 8.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Aterian Inc. (ATER) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
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