ATRenew (NYSE:RERE) Director Rui Zhu Sells 4,762 Shares of 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 transaction, the director directly owned 55,238 shares in the company, valued at $220,952. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ATRenew Stock Performance

RERE opened at $4.12 on Friday. ATRenew Inc. Sponsored ADR has a 52-week low of $2.64 and a 52-week high of $6.47. The stock has a market capitalization of $903.49 million, a PE ratio of 16.47 and a beta of 0.26. The stock’s 50 day moving average price is $4.59 and its 200-day moving average price is $5.16.

ATRenew (NYSE:RERE) last posted its earnings results on Tuesday, May 19th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. ATRenew had a return on equity of 11.48% and a net margin of 1.90%.The firm had revenue of $893.46 million for the quarter, compared to analysts’ expectations of $856.02 million. Research analysts forecast that ATRenew Inc. Sponsored ADR will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RERE shares. Wall Street Zen raised ATRenew from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Weiss Ratings cut ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, ATRenew presently has an average rating of “Hold”.

Hedge Funds Weigh In On ATRenew

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in ATRenew in the fourth quarter worth $30,000. Caitong International Asset Management Co. Ltd raised its holdings in ATRenew by 10,014.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock worth $34,000 after purchasing an additional 6,409 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in ATRenew in the third quarter worth $49,000. Hsbc Holdings PLC bought a new position in ATRenew in the fourth quarter worth $67,000. Finally, Van ECK Associates Corp bought a new position in ATRenew in the third quarter worth $83,000. Institutional investors 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.