Fintel reports that on May 8, 2024, Alliance Global Partners upgraded their outlook for Aterian (NasdaqCM:ATER) from Neutral to Buy.
Analyst Price Forecast Suggests 340.29% Upside
As of May 8, 2024, the average one-year price target for Aterian is 12.24. The forecasts range from a low of 12.12 to a high of $12.60. The average price target represents an increase of 340.29% from its latest reported closing price of 2.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Aterian is 244MM, an increase of 90.48%. The projected annual non-GAAP EPS is -0.56.
What is the Fund Sentiment?
There are 48 funds or institutions reporting positions in Aterian. This is an decrease of 8 owner(s) or 14.29% in the last quarter. Average portfolio weight of all funds dedicated to ATER is 0.00%, an increase of 22.69%. Total shares owned by institutions decreased in the last three months by 11.49% to 6,062K shares. 
The put/call ratio of ATER is 0.02, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,127K shares representing 31.14% ownership of the company. No change in the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 996K shares representing 14.59% ownership of the company. No change in the last quarter.
Geode Capital Management holds 689K shares representing 10.09% ownership of the company. In its prior filing, the firm reported owning 710K shares , representing a decrease of 3.08%. The firm decreased its portfolio allocation in ATER by 9.19% over the last quarter.
FSMAX - Fidelity Extended Market Index Fund holds 376K shares representing 5.51% ownership of the company. In its prior filing, the firm reported owning 379K shares , representing a decrease of 0.74%. The firm increased its portfolio allocation in ATER by 23.55% over the last quarter.
Virtu Financial holds 145K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
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This story originally appeared on Fintel.
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