26,770 Shares in Aterian, Inc. (NASDAQ:ATER) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in Aterian, Inc. (NASDAQ:ATER) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,770 shares of the company’s stock, valued at approximately $64,000.

Separately, Renaissance Technologies LLC boosted its holdings in Aterian by 93.3% in the 4th quarter. Renaissance Technologies LLC now owns 45,493 shares of the company’s stock worth $109,000 after buying an additional 21,958 shares during the last quarter. Institutional investors and hedge funds own 7.02% of the company’s stock.

Insider Activity at Aterian

In other Aterian news, insider Phillip Lepper sold 27,532 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1.65, for a total value of $45,427.80. Following the completion of the transaction, the insider now owns 150,402 shares in the company, valued at $248,163.30. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.70% of the stock is currently owned by corporate insiders.

Aterian Stock Performance

ATER opened at $1.41 on Wednesday. Aterian, Inc. has a one year low of $1.36 and a one year high of $3.84. The stock has a market capitalization of $12.34 million, a PE ratio of -0.52 and a beta of 0.37. The business’s 50 day moving average price is $1.74 and its 200 day moving average price is $2.10.

Aterian (NASDAQ:ATER) last announced its earnings results on Wednesday, May 14th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.17. Aterian had a negative return on equity of 56.01% and a negative net margin of 17.05%. The company had revenue of $15.36 million for the quarter, compared to analyst estimates of $14.95 million.

Aterian declared that its board has initiated a stock repurchase program on Tuesday, March 18th that permits the company to buyback $3.00 million in shares. This buyback authorization permits the company to purchase up to 16.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

ATER has been the topic of several recent research reports. Alliance Global Partners cut Aterian from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Industrial Alliance Securities set a $4.00 target price on Aterian in a report on Wednesday, March 19th.

Aterian Company Profile

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.