Rui Zhu Sells 4,762 Shares of ATRenew (NYSE:RERE) Stock

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

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

Hedge Funds Weigh In On ATRenew

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RERE. Wall Street Zen upgraded ATRenew from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Weiss Ratings downgraded 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, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.