Zacks Small Cap Increases Earnings Estimates for ATRenew

ATRenew Inc. (NYSE:RERE) – Analysts at Zacks Small Cap raised their FY2024 earnings estimates for ATRenew in a research note issued to investors on Wednesday, November 20th. Zacks Small Cap analyst M. Kim now forecasts that the company will earn $0.18 per share for the year, up from their previous estimate of $0.16. The consensus estimate for ATRenew’s current full-year earnings is $0.18 per share. Zacks Small Cap also issued estimates for ATRenew’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.33 EPS.

ATRenew Trading Up 1.1 %

RERE stock opened at $2.83 on Friday. The business’s 50-day moving average price is $2.55 and its two-hundred day moving average price is $2.49. ATRenew has a 1-year low of $1.01 and a 1-year high of $3.18. The firm has a market cap of $690.15 million, a PE ratio of -56.59, a P/E/G ratio of 0.57 and a beta of -0.13.

Institutional Investors Weigh In On ATRenew

Several institutional investors have recently added to or reduced their stakes in RERE. Quadrature Capital Ltd boosted its position in ATRenew by 67.8% during the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after acquiring an additional 28,569 shares during the last quarter. Harber Asset Management LLC lifted its position in shares of ATRenew by 14.6% in the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after purchasing an additional 139,842 shares in the last quarter. Centiva Capital LP boosted its holdings in ATRenew by 342.2% during the third quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after purchasing an additional 58,413 shares during the last quarter. Walleye Capital LLC bought a new position in ATRenew in the third quarter valued at $32,000. Finally, Harvest Fund Management Co. Ltd increased its stake in ATRenew by 162.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after buying an additional 649,214 shares during the last quarter. 19.29% of the stock is owned by institutional investors.

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.