Waterdrop (NYSE:WDH) Downgraded to “Hold” Rating by Wall Street Zen

Waterdrop (NYSE:WDH) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings cut Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.00.

Waterdrop Stock Up 0.9%

Shares of NYSE:WDH opened at $1.25 on Friday. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.69. Waterdrop has a 52 week low of $1.23 and a 52 week high of $2.18. The stock has a market capitalization of $451.46 million, a P/E ratio of 5.96 and a beta of -0.18.

Waterdrop (NYSE:WDH) last announced its earnings results on Wednesday, June 17th. The company reported $0.04 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%. The firm had revenue of $180.17 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WDH. Invesco Ltd. bought a new position in Waterdrop during the second quarter valued at $156,000. Marshall Wace LLP bought a new stake in shares of Waterdrop in the 2nd quarter worth about $25,000. E Fund Management Co. Ltd. bought a new stake in shares of Waterdrop in the 2nd quarter worth about $372,000. GSA Capital Partners LLP boosted its stake in shares of Waterdrop by 91.0% during 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 during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Waterdrop during the 3rd quarter worth about $36,000. 1.96% of the stock is owned by hedge funds and other 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.