ATRenew (NYSE:RERE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ATRenew (NYSE:RERE) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of ATRenew in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, ATRenew presently has a consensus rating of “Hold”.

ATRenew Stock Performance

Shares of NYSE:RERE opened at $4.12 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of 25.72 and a beta of 0.22. The company’s 50-day moving average is $4.15 and its 200 day moving average is $3.70. ATRenew has a fifty-two week low of $2.00 and a fifty-two week high of $4.93.

Hedge Funds Weigh In On ATRenew

Large investors have recently modified their holdings of the business. Brevan Howard Capital Management LP bought a new stake in shares of ATRenew in the third quarter valued at approximately $49,000. Virtu Financial LLC bought a new stake in ATRenew during the 1st quarter valued at $48,000. Van ECK Associates Corp purchased a new stake in shares of ATRenew during the third quarter worth $83,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of ATRenew during the third quarter worth $91,000. Finally, Prelude Capital Management LLC bought a new position in shares of ATRenew in the third quarter worth $113,000. Hedge funds and other institutional investors own 19.29% of the company’s stock.

About ATRenew

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.