Waterdrop (NYSE:WDH) Shares Down 4% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WDH shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. The Goldman Sachs Group cut Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.00.

Waterdrop Price Performance

The business has a 50 day simple moving average of $1.75 and a 200 day simple moving average of $1.71. The company has a market capitalization of $677.84 million, a price-to-earnings ratio of 9.84 and a beta of -0.25.

Waterdrop (NYSE:WDH) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $859.05 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Waterdrop during the 2nd quarter worth approximately $372,000. E Fund Management Co. Ltd. acquired a new position in shares of Waterdrop in the second quarter worth $372,000. Invesco Ltd. purchased a new stake in shares of Waterdrop during the second quarter worth $156,000. GSA Capital Partners LLP increased its position in shares of Waterdrop by 91.0% during 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 period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Waterdrop in the third quarter valued at $80,000. Hedge funds and other 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.