Waterdrop (NYSE:WDH) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Waterdrop (NYSE:WDH) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other research firms also recently weighed in on WDH. The Goldman Sachs Group downgraded shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a report on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Waterdrop presently has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Stock Performance

NYSE WDH opened at $1.80 on Friday. The company’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.68. Waterdrop has a one year low of $1.08 and a one year high of $2.18. The firm has a market capitalization of $650.65 million, a price-to-earnings ratio of 9.45 and a beta of -0.25.

Waterdrop (NYSE:WDH) last posted its earnings results on Wednesday, December 3rd. 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 firm had revenue of $135.98 million for the quarter, compared to analyst estimates of $859.05 million.

Hedge Funds Weigh In On Waterdrop

Hedge funds have recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in Waterdrop in the second quarter valued at approximately $372,000. Invesco Ltd. acquired a new stake in Waterdrop in the second quarter valued at about $156,000. Marshall Wace LLP acquired a new position in shares of Waterdrop during the second quarter worth $25,000. E Fund Management Co. Ltd. acquired a new stake in shares of Waterdrop during the second quarter valued at about $372,000. Finally, GSA Capital Partners LLP grew its stake in shares of 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 purchasing an additional 21,953 shares during the last quarter. 1.96% of the stock is owned by institutional investors.

About Waterdrop

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.