ATRenew (NYSE:RERE) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of ATRenew in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ATRenew Stock Performance

Shares of RERE opened at $5.06 on Friday. The company’s fifty day moving average is $5.68 and its 200 day moving average is $4.99. ATRenew has a fifty-two week low of $2.00 and a fifty-two week high of $6.47.

ATRenew (NYSE:RERE) last released 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 net margin of 1.60% and a return on equity of 9.87%. The business had revenue of $893.92 million during the quarter, compared to analyst estimates of $887.75 million. As a group, sell-side analysts anticipate that ATRenew will post 0.09 earnings per share for the current year.

ATRenew Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, April 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in ATRenew during the 4th quarter valued at about $23,190,000. Arrowstreet Capital Limited Partnership increased its position in shares of ATRenew by 98.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,950,152 shares of the company’s stock worth $13,571,000 after acquiring an additional 1,466,383 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of ATRenew by 60.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,857,684 shares of the company’s stock worth $20,447,000 after acquiring an additional 1,450,764 shares during the period. Citigroup Inc. raised its stake in shares of ATRenew by 109,141.5% during the third quarter. Citigroup Inc. now owns 1,126,280 shares of the company’s stock valued at $5,181,000 after acquiring an additional 1,125,249 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of ATRenew during the fourth quarter valued at approximately $4,764,000. 19.29% of the stock is currently owned by institutional investors.

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.