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 business’s stock in a transaction that occurred on 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 sale, the director owned 55,238 shares of the company’s stock, valued at $220,952. This trade represents a 7.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

ATRenew Trading Down 2.4%

Shares of NYSE RERE opened at $3.98 on Thursday. ATRenew Inc. Sponsored ADR has a twelve month low of $2.64 and a twelve month high of $6.47. The company has a market capitalization of $874.09 million, a price-to-earnings ratio of 15.94 and a beta of 0.26. The business has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $5.16.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. bought a new position in shares of ATRenew in the third quarter worth $2,466,000. SG Americas Securities LLC bought a new position in ATRenew during the fourth quarter valued at about $1,847,000. Parametrica Management Ltd boosted its stake in ATRenew by 260.0% during the third quarter. Parametrica Management Ltd now owns 544,946 shares of the company’s stock valued at $2,507,000 after buying an additional 393,566 shares in the last quarter. New York State Common Retirement Fund bought a new position in ATRenew during the third quarter valued at about $903,000. Finally, Citigroup Inc. boosted its stake in 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 buying an additional 1,125,249 shares in the last quarter. Institutional investors own 19.29% of the company’s stock.

Analysts Set New Price Targets

RERE has been the subject of a number of research analyst reports. Weiss Ratings downgraded ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen upgraded ATRenew from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus 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.