Waterdrop (NYSE:WDH) Trading Down 3.4% – Here’s Why

by · The Cerbat Gem

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH – Get Free Report) dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $1.80 and last traded at $1.8250. Approximately 155,838 shares were traded during trading, a decline of 50% from the average daily volume of 311,603 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

A number of research firms recently weighed in on WDH. Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, The Goldman Sachs Group cut Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Waterdrop presently has an average rating of “Hold” and a consensus target price of $2.00.

Get Our Latest Stock Report on Waterdrop

Waterdrop Trading Down 0.8%

The company’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.73. The firm has a market capitalization of $679.64 million, a P/E ratio of 9.87 and a beta of -0.25.

Waterdrop (NYSE:WDH – Get Free Report) last announced its earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The business had revenue of $136.93 million for the quarter, compared to the consensus estimate of $859.05 million. Waterdrop had a net margin of 15.58% and a return on equity of 9.99%.

Institutional Trading of Waterdrop

Several large investors have recently added to or reduced their stakes in WDH. NewEdge Advisors LLC bought a new position in Waterdrop in the 3rd quarter worth $80,000. Centiva Capital LP purchased a new position in Waterdrop during the third quarter worth $59,000. Arrowstreet Capital Limited Partnership increased its stake in Waterdrop by 184.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after purchasing an additional 25,510 shares during the period. Sei Investments Co. bought a new position in Waterdrop in the 3rd quarter worth about $26,000. Finally, Russell Investments Group Ltd. bought a new stake in Waterdrop during the 3rd quarter valued at $36,000. 1.96% of the stock is currently owned by institutional investors.

About Waterdrop

(Get Free Report)

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.

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