ATRenew (NYSE:RERE) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of ATRenew (NYSE:RERE) from a buy rating to a strong-buy rating in a report released on Sunday morning.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of ATRenew in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ATRenew Stock Down 5.5%

NYSE RERE opened at $4.86 on Friday. The firm’s fifty day simple moving average is $5.73 and its two-hundred day simple moving average is $4.97. ATRenew has a 12-month low of $2.00 and a 12-month high of $6.47.

ATRenew (NYSE:RERE) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. ATRenew had a return on equity of 9.87% and a net margin of 1.60%.The firm had revenue of $893.92 million during the quarter, compared to analyst estimates of $887.75 million. On average, analysts predict that ATRenew will post 0.09 earnings per share for the current fiscal year.

ATRenew Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be paid a $0.10 dividend. The ex-dividend date is Monday, April 6th.

Institutional Trading of ATRenew

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new stake in shares of ATRenew during the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd raised its position in ATRenew by 10,014.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock worth $34,000 after buying an additional 6,409 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in ATRenew during the 3rd quarter valued at approximately $49,000. Hsbc Holdings PLC acquired a new stake in ATRenew during the 4th quarter valued at approximately $67,000. Finally, Van ECK Associates Corp purchased a new stake in shares of ATRenew in the 3rd quarter valued at $83,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. The company was formerly known as AiHuiShou International Co Ltd.