Wall Street Zen Downgrades Waterdrop (NYSE:WDH) to Hold

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

Separately, Weiss Ratings downgraded Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Waterdrop presently has a consensus rating of “Hold” and a consensus target price of $2.00.

Waterdrop Stock Performance

Shares of NYSE:WDH opened at $1.20 on Monday. The company has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $1.65. The company has a market capitalization of $433.78 million, a PE ratio of 5.72 and a beta of -0.12. Waterdrop has a 52 week low of $1.08 and a 52 week high of $2.18.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Waterdrop during the second quarter worth about $25,000. Sei Investments Co. bought a new stake in Waterdrop in the 3rd quarter valued at approximately $26,000. Russell Investments Group Ltd. acquired a new position in Waterdrop during the 3rd quarter worth approximately $36,000. Centiva Capital LP acquired a new position in Waterdrop during the 3rd quarter worth approximately $59,000. Finally, Ethos Financial Group LLC bought a new position in shares of Waterdrop during the 4th quarter worth approximately $73,000. 1.96% of the stock is owned by institutional investors and hedge funds.

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.