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 reaffirmed a “hold (c-)” rating on shares of ATRenew in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, ATRenew currently has a consensus rating of “Hold”.

ATRenew Stock Down 1.9%

NYSE:RERE opened at $5.77 on Friday. ATRenew has a 12-month low of $2.00 and a 12-month high of $6.47. The stock’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $4.58. The firm has a market capitalization of $1.43 billion, a P/E ratio of 36.06 and a beta of 0.19.

Institutional Investors Weigh In On ATRenew

A number of hedge funds have recently modified their holdings of RERE. Brevan Howard Capital Management LP bought a new position in ATRenew in the 3rd quarter valued at $49,000. Van ECK Associates Corp purchased a new position in shares of ATRenew in the third quarter valued at about $83,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of ATRenew during the third quarter valued at approximately $91,000. Prelude Capital Management LLC purchased a new position in shares of ATRenew during the third quarter valued at about $113,000. Finally, Caxton Associates LLP purchased a new stake in ATRenew in the first quarter worth $114,000. Institutional investors own 19.29% of the company’s stock.

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. The company was formerly known as AiHuiShou International Co Ltd.