ATRenew (NYSE:RERE) Stock Rating Upgraded by Wall Street Zen

ATRenew (NYSE:RERE) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATRenew in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

ATRenew Stock Performance

RERE opened at $5.86 on Friday. ATRenew has a one year low of $2.00 and a one year high of $6.47. The stock has a market capitalization of $1.43 billion, a PE ratio of 36.63 and a beta of 0.19. The business’s 50 day moving average price is $5.42 and its 200 day moving average price is $4.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RERE. Cubist Systematic Strategies LLC grew its stake in shares of ATRenew by 15.9% in the first quarter. Cubist Systematic Strategies LLC now owns 66,119 shares of the company’s stock valued at $194,000 after buying an additional 9,094 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in ATRenew during the 3rd quarter valued at about $49,000. Citadel Advisors LLC boosted its holdings in ATRenew by 2.7% during the 3rd quarter. Citadel Advisors LLC now owns 482,590 shares of the company’s stock valued at $2,220,000 after acquiring an additional 12,886 shares during the period. Van ECK Associates Corp acquired a new position in ATRenew in the 3rd quarter valued at about $83,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in ATRenew during the third quarter worth about $91,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.

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.