Insider Selling: ATRenew (NYSE:RERE) Director Sells $19,048.00 in Stock

ATRenew Inc. Sponsored ADR (NYSE:RERE) Director Rui Zhu sold 4,762 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $4.00, for a total value of $19,048.00. Following the completion of the transaction, the director owned 55,238 shares in the company, valued at $220,952. This trade represents a 7.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ATRenew Stock Performance

RERE opened at $3.92 on Friday. The company has a market cap of $858.95 million, a PE ratio of 15.66 and a beta of 0.26. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $5.15. ATRenew Inc. Sponsored ADR has a 52-week low of $2.66 and a 52-week high of $6.47.

ATRenew (NYSE:RERE) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $893.46 million during the quarter, compared to analysts’ expectations of $856.02 million. ATRenew had a net margin of 1.90% and a return on equity of 11.48%. On average, research analysts predict that ATRenew Inc. Sponsored ADR will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of ATRenew from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Weiss Ratings downgraded shares of ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Trading of ATRenew

Hedge funds have recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in shares of ATRenew in the 3rd quarter worth approximately $2,466,000. SG Americas Securities LLC bought a new stake in shares of ATRenew in the 4th quarter worth approximately $1,847,000. Parametrica Management Ltd lifted its position in shares of ATRenew by 260.0% in the 3rd quarter. Parametrica Management Ltd now owns 544,946 shares of the company’s stock worth $2,507,000 after acquiring an additional 393,566 shares during the period. New York State Common Retirement Fund bought a new stake in shares of ATRenew in the 3rd quarter worth approximately $903,000. Finally, Citigroup Inc. lifted its position in shares of ATRenew by 109,141.5% in the 3rd quarter. Citigroup Inc. now owns 1,126,280 shares of the company’s stock worth $5,181,000 after acquiring an additional 1,125,249 shares during the period. Institutional investors own 19.29% of the company’s stock.

About ATRenew

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.