Prescott Group Capital Management L.L.C. Has $8.74 Million Stake in ATRenew Inc. (NYSE:RERE)

Prescott Group Capital Management L.L.C. boosted its position in ATRenew Inc. (NYSE:RERE - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,035,436 shares of the company's stock after buying an additional 724,415 shares during the quarter. ATRenew makes up approximately 1.2% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 10th biggest position. Prescott Group Capital Management L.L.C. owned about 1.24% of ATRenew worth $8,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC bought a new position in ATRenew in the fourth quarter worth $29,000. QRG Capital Management Inc. bought a new position in ATRenew in the fourth quarter worth $48,000. Squarepoint Ops LLC bought a new position in ATRenew in the fourth quarter worth $50,000. Russell Investments Group Ltd. bought a new position in ATRenew in the fourth quarter worth $82,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in ATRenew in the fourth quarter worth $101,000. Hedge funds and other institutional investors own 19.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised ATRenew from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.

ATRenew Price Performance

Shares of ATRenew stock traded down $0.05 during trading on Friday, hitting $2.59. 348,453 shares of the company's stock traded hands, compared to its average volume of 1,054,786. ATRenew Inc. has a 1 year low of $2.00 and a 1 year high of $3.70. The stock has a market capitalization of $630.41 million, a P/E ratio of -51.69, a PEG ratio of 0.41 and a beta of 0.06. The business has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $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). The firm had revenue of $641.26 million during the quarter, compared to analysts' expectations of $4.62 billion. ATRenew had a positive return on equity of 6.87% and a negative net margin of 0.53%. On average, equities analysts predict that ATRenew Inc. will post 0.09 earnings per share for the current fiscal year.

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.