BNP Paribas Financial Markets Acquires Shares of 262,468 ATRenew Inc. (NYSE:RERE)

BNP Paribas Financial Markets bought a new stake in ATRenew Inc. (NYSE:RERE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 262,468 shares of the company’s stock, valued at approximately $756,000. BNP Paribas Financial Markets owned 0.11% of ATRenew at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC bought a new position in ATRenew in the 4th quarter valued at $29,000. QRG Capital Management Inc. bought a new position in shares of ATRenew in the fourth quarter worth about $48,000. Russell Investments Group Ltd. bought a new position in shares of ATRenew in the fourth quarter worth about $82,000. Susquehanna Fundamental Investments LLC purchased a new position in ATRenew in the 4th quarter worth about $101,000. Finally, SG Americas Securities LLC bought a new stake in ATRenew during the 4th quarter valued at about $137,000. Institutional investors own 19.29% of the company’s stock.

ATRenew Price Performance

ATRenew stock opened at $2.67 on Friday. The stock has a market cap of $649.92 million, a price-to-earnings ratio of -53.29, a price-to-earnings-growth ratio of 0.41 and a beta of 0.06. The firm has a 50-day moving average of $2.60 and a two-hundred day moving average of $2.79. ATRenew Inc. has a 1 year low of $2.00 and a 1 year high of $3.70.

ATRenew (NYSE:RERE) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 0.53% and a positive return on equity of 6.87%. Research analysts expect that ATRenew Inc. will post 0.09 earnings per share for the current year.

ATRenew 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.