Waterdrop (NYSE:WDH) Sees Large Volume Increase – Here’s What Happened

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares saw unusually-strong trading volume on Wednesday . Approximately 1,009,022 shares changed hands during trading, an increase of 241% from the previous session’s volume of 295,867 shares.The stock last traded at $1.9750 and had previously closed at $1.87.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WDH. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a research report on Wednesday, October 8th. Finally, 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. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.00.

Waterdrop Stock Down 4.0%

The business’s fifty day moving average is $1.77 and its two-hundred day moving average is $1.68. The stock has a market cap of $657.90 million, a price-to-earnings ratio of 9.55 and a beta of -0.25.

Waterdrop (NYSE:WDH) last released its earnings results on Wednesday, December 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The business had revenue of $135.98 million for the quarter, compared to analyst estimates of $859.05 million. Waterdrop had a return on equity of 10.13% and a net margin of 15.58%.

Institutional Investors Weigh In On Waterdrop

A number of hedge funds have recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Waterdrop during the second quarter worth about $372,000. Arrowstreet Capital Limited Partnership raised its holdings in Waterdrop by 184.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after acquiring an additional 25,510 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Waterdrop by 91.0% in the third 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 last quarter. Invesco Ltd. acquired a new position in Waterdrop during the 2nd quarter worth approximately $156,000. Finally, Marshall Wace LLP purchased a new stake in shares of Waterdrop in the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.