ATRenew Inc. (NYSE:RERE - Free Report) - Investment analysts at Zacks Small Cap upped their FY2024 earnings estimates for ATRenew in a research note issued to investors on Wednesday, November 20th. Zacks Small Cap analyst M. Kim now forecasts that the company will earn $0.18 per share for the year, up from their previous forecast of $0.16. The consensus estimate for ATRenew's current full-year earnings is $0.16 per share. Zacks Small Cap also issued estimates for ATRenew's Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.33 EPS.
ATRenew (NYSE:RERE - Get Free Report) last released its quarterly earnings data on Tuesday, August 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 0.99% and a positive return on equity of 4.80%. The company had revenue of $519.69 million during the quarter, compared to analyst estimates of $514.00 million.
ATRenew Stock Performance
NYSE RERE traded up $0.01 during trading hours on Friday, hitting $2.81. The company had a trading volume of 2,112,915 shares, compared to its average volume of 1,004,764. ATRenew has a 1-year low of $1.01 and a 1-year high of $3.18. The company has a market cap of $685.27 million, a PE ratio of -31.11, a price-to-earnings-growth ratio of 0.56 and a beta of -0.13. The business has a 50 day moving average of $2.54 and a 200-day moving average of $2.48.
Institutional Investors Weigh In On ATRenew
Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in ATRenew in the second quarter valued at about $3,328,000. Harvest Fund Management Co. Ltd increased its stake in shares of ATRenew by 162.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company's stock worth $2,906,000 after purchasing an additional 649,214 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of ATRenew during the 2nd quarter worth approximately $1,396,000. Harber Asset Management LLC increased its stake in shares of ATRenew by 14.6% during the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock worth $3,043,000 after purchasing an additional 139,842 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of ATRenew by 231.8% during the 2nd quarter. Marshall Wace LLP now owns 192,036 shares of the company's stock worth $455,000 after purchasing an additional 134,151 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company's stock.
About ATRenew
(
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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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