BNP Paribas Financial Markets Takes $756,000 Position in ATRenew Inc. (NYSE:RERE)

BNP Paribas Financial Markets purchased a new stake in ATRenew Inc. (NYSE:RERE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 262,468 shares of the company's stock, valued at approximately $756,000. BNP Paribas Financial Markets owned approximately 0.11% of ATRenew as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Yiheng Capital Management L.P. increased its holdings in shares of ATRenew by 107.7% in the fourth quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company's stock valued at $9,110,000 after purchasing an additional 1,639,859 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of ATRenew by 31.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock valued at $8,742,000 after purchasing an additional 724,415 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of ATRenew in the fourth quarter valued at $6,623,000. Invesco Ltd. increased its holdings in shares of ATRenew by 1,718.6% in the fourth quarter. Invesco Ltd. now owns 1,896,877 shares of the company's stock valued at $5,463,000 after purchasing an additional 1,792,572 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of ATRenew by 101.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company's stock valued at $4,713,000 after purchasing an additional 822,998 shares during the last quarter. Institutional investors own 19.29% of the company's stock.

ATRenew Trading Down 1.0%

NYSE RERE traded down $0.03 during trading on Wednesday, hitting $2.57. 93,973 shares of the company's stock were exchanged, compared to its average volume of 1,058,501. The company has a market cap of $625.53 million, a PE ratio of -51.27, a P/E/G ratio of 0.41 and a beta of 0.06. ATRenew Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $3.70. The stock's 50 day moving average price is $2.56 and its two-hundred day moving average price is $2.79.

ATRenew (NYSE:RERE - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $641.26 million for the quarter, compared to analyst estimates of $4.62 billion. ATRenew had a positive return on equity of 6.87% and a negative net margin of 0.53%. Analysts forecast that ATRenew Inc. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of ATRenew from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

ATRenew 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.