Waterdrop (NYSE:WDH) Trading Down 4% – Here’s What Happened

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) traded down 4% on Wednesday . The company traded as low as $1.81 and last traded at $1.8150. 126,956 shares changed hands during trading, a decline of 59% from the average session volume of 311,160 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. The Goldman Sachs Group cut 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. Finally, Wall Street Zen raised shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Waterdrop currently has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Trading Down 4.5%

The firm has a market capitalization of $654.28 million, a P/E ratio of 9.55 and a beta of -0.25. The business’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.71.

Waterdrop (NYSE:WDH) last posted 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). The firm had revenue of $136.93 million for the quarter, compared to analysts’ expectations of $859.05 million. Waterdrop had a net margin of 15.58% and a return on equity of 9.99%.

Institutional Trading of Waterdrop

Large investors have recently made changes to their positions in the stock. Sei Investments Co. bought a new position in Waterdrop during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new stake in shares of Waterdrop during the 3rd quarter valued at $36,000. Marshall Wace LLP bought a new stake in shares of Waterdrop during the 2nd quarter valued at $25,000. GSA Capital Partners LLP increased its stake in shares of Waterdrop by 91.0% in the 3rd 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Waterdrop by 184.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after purchasing an additional 25,510 shares during the period. 1.96% of the stock is currently owned by institutional investors.

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.