Waterdrop (NYSE:WDH) Sees Unusually-High Trading Volume – What’s Next?

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw unusually-high trading volume on Monday . Approximately 201,777 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 310,400 shares.The stock last traded at $1.8850 and had previously closed at $1.84.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Trading Down 0.8%

The firm has a market capitalization of $661.53 million, a price-to-earnings ratio of 9.61 and a beta of -0.26. The business has a 50-day moving average price of $1.81 and a two-hundred day moving average price of $1.80.

Waterdrop (NYSE:WDH) last issued 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 company had revenue of $136.93 million for the quarter, compared to the consensus estimate of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

Institutional Investors Weigh In On Waterdrop

Several large investors have recently made changes to their positions in WDH. Marshall Wace LLP acquired a new position in shares of Waterdrop during the second quarter worth approximately $25,000. Sei Investments Co. bought a new stake in Waterdrop during the 3rd quarter valued at $26,000. Russell Investments Group Ltd. bought a new stake in Waterdrop during the 3rd quarter valued at $36,000. Centiva Capital LP acquired a new position in Waterdrop during the 3rd quarter worth $59,000. Finally, Ethos Financial Group LLC bought a new position in shares of Waterdrop in the fourth quarter worth $73,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

Waterdrop Company Profile

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.