ATRenew (NYSE:RERE) Rating Increased to Strong-Buy 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 note issued to investors on Saturday morning.

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

ATRenew Stock Down 5.2%

ATRenew stock opened at $5.86 on Friday. ATRenew has a 12 month low of $2.00 and a 12 month high of $6.47. The stock has a market cap of $1.51 billion, a P/E ratio of 36.63 and a beta of 0.19. The company’s fifty day simple moving average is $5.42 and its 200-day simple moving average is $4.55.

Institutional Trading of ATRenew

Several large investors have recently made changes to their positions in RERE. Brevan Howard Capital Management LP bought a new position in shares of ATRenew in the 3rd quarter valued at approximately $49,000. Van ECK Associates Corp bought a new stake in ATRenew during the third quarter worth approximately $83,000. Schonfeld Strategic Advisors LLC acquired a new position in ATRenew during the third quarter valued at approximately $91,000. Prelude Capital Management LLC bought a new position in shares of ATRenew in the third quarter valued at approximately $113,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of ATRenew in the third quarter worth $138,000. 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.