Man Group plc bought a new position in shares of ATRenew Inc. (NYSE:RERE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 112,900 shares of the company's stock, valued at approximately $325,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RERE. NewEdge Advisors LLC bought a new position in shares of ATRenew in the fourth quarter valued at approximately $29,000. QRG Capital Management Inc. bought a new position in shares of ATRenew in the fourth quarter valued at approximately $48,000. Russell Investments Group Ltd. bought a new position in shares of ATRenew in the fourth quarter valued at approximately $82,000. Susquehanna Fundamental Investments LLC bought a new position in shares of ATRenew in the fourth quarter valued at approximately $101,000. Finally, SG Americas Securities LLC bought a new position in shares of ATRenew in the fourth quarter valued at approximately $137,000. Institutional investors own 19.29% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of ATRenew from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.
Check Out Our Latest Analysis on RERE
ATRenew Trading Up 1.7%
Shares of RERE stock traded up $0.05 during trading hours on Thursday, reaching $2.63. The stock had a trading volume of 602,237 shares, compared to its average volume of 1,057,417. ATRenew Inc. has a 12 month low of $2.00 and a 12 month high of $3.70. The firm has a market capitalization of $640.16 million, a PE ratio of -52.49, a PEG ratio of 0.41 and a beta of 0.06. The stock's fifty day simple moving average is $2.55 and its 200 day simple moving average is $2.79.
ATRenew (NYSE:RERE - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). ATRenew had a negative net margin of 0.53% and a positive return on equity of 6.87%. The company had revenue of $641.26 million for the quarter, compared to the consensus estimate of $4.62 billion. As a group, equities research analysts anticipate that ATRenew Inc. will post 0.09 EPS for the current fiscal year.
About ATRenew
(
Free Report)
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.
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