Waterdrop (NYSE:WDH) Shares Gap Down – Should You Sell?

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) gapped down prior to trading on Wednesday . The stock had previously closed at $1.80, but opened at $1.71. Waterdrop shares last traded at $1.7850, with a volume of 111,436 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WDH. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. Wall Street Zen downgraded Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.00.

Waterdrop Stock Down 2.5%

The firm has a 50 day moving average of $1.81 and a 200 day moving average of $1.80. The firm has a market cap of $636.15 million, a PE ratio of 9.24 and a beta of -0.26.

Waterdrop (NYSE:WDH) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). Waterdrop had a net margin of 15.58% and a return on equity of 9.99%. The firm had revenue of $136.93 million for the quarter, compared to analysts’ expectations of $859.05 million.

Hedge Funds Weigh In On Waterdrop

Several large investors have recently modified their holdings of WDH. Ethos Financial Group LLC purchased a new stake in shares of Waterdrop during the 4th quarter valued at approximately $73,000. NewEdge Advisors LLC bought a new stake in Waterdrop during the 3rd quarter valued at $80,000. Centiva Capital LP purchased a new stake in shares of Waterdrop during the third quarter worth $59,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 acquiring an additional 25,510 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Waterdrop in the third quarter valued at $26,000. Hedge funds and other institutional investors 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.