Waterdrop (NYSE:WDH) Trading Down 3.4% – Time to Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) was down 3.4% on Wednesday . The stock traded as low as $1.80 and last traded at $1.8250. Approximately 155,838 shares changed hands during trading, a decline of 50% from the average daily volume of 311,603 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

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

Waterdrop Stock Performance

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

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

Institutional Investors Weigh In On Waterdrop

Several institutional investors and hedge funds have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Waterdrop during the 2nd quarter worth approximately $372,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop during the 2nd quarter worth $372,000. Invesco Ltd. acquired a new position in shares of Waterdrop in the second quarter valued at approximately $156,000. NewEdge Advisors LLC acquired a new stake in Waterdrop during the 3rd quarter valued at approximately $80,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Waterdrop by 184.0% during 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 during the last quarter. Institutional investors 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.