Waterdrop (NYSE:WDH) Stock Price Up 3% – Still a Buy?
by Danessa Lincoln · The Markets DailyWaterdrop Inc. Unsponsored ADR (NYSE:WDH – Get Free Report) shares rose 3% during trading on Friday . The stock traded as high as $1.86 and last traded at $1.8850. Approximately 46,779 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 310,738 shares. The stock had previously closed at $1.83.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Waterdrop from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. The Goldman Sachs Group lowered shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective on the stock. in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.00.
Read Our Latest Stock Report on WDH
Waterdrop Stock Performance
The firm has a market cap of $686.90 million, a PE ratio of 9.97 and a beta of -0.25. The firm’s 50-day moving average price is $1.75 and its two-hundred day moving average price is $1.71.
Waterdrop (NYSE:WDH – Get Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The firm had revenue of $136.93 million during the quarter, compared to analyst estimates of $859.05 million. Waterdrop had a net margin of 15.58% and a return on equity of 9.99%.
Institutional Trading of Waterdrop
Hedge funds have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop in the second quarter valued at $372,000. Invesco Ltd. acquired a new stake in Waterdrop in the 2nd quarter worth about $156,000. Marshall Wace LLP purchased a new stake in Waterdrop in the 2nd quarter valued at about $25,000. E Fund Management Co. Ltd. acquired a new position in shares of Waterdrop during the 2nd quarter valued at about $372,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Waterdrop by 91.0% during the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock worth $87,000 after acquiring an additional 21,953 shares during the period. Institutional investors and hedge funds own 1.96% of the company’s stock.
About Waterdrop
Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.
Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.