Waterdrop Inc. Unsponsored ADR (NYSE:WDH – Get Free Report) shares dropped 5% during mid-day trading on Friday . The company traded as low as $1.51 and last traded at $1.4920. Approximately 142,182 shares changed hands during trading, a decline of 42% from the average daily volume of 246,914 shares. The stock had previously closed at $1.57.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings raised shares of Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Waterdrop presently has a consensus rating of “Hold” and an average target price of $2.00.
Check Out Our Latest Stock Analysis on Waterdrop
Waterdrop Price Performance
Waterdrop (NYSE:WDH – Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $201.71 million during the quarter, compared to the consensus estimate of $117.69 million. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%.
Waterdrop Dividend Announcement
The business also recently announced a dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, April 24th were paid a $0.03 dividend. This represents a yield of 356.0%. The ex-dividend date was Friday, April 24th. Waterdrop’s dividend payout ratio (DPR) is presently 23.81%.
Institutional Investors Weigh In On Waterdrop
A number of hedge funds have recently added to or reduced their stakes in the stock. Boundless Plain Holdings Ltd bought a new stake in Waterdrop in the fourth quarter valued at $21,936,000. IDG China Capital Fund GP III Associates Ltd. acquired a new stake in Waterdrop in the fourth quarter worth about $538,000. E Fund Management Co. Ltd. acquired a new stake in Waterdrop in the second quarter worth about $372,000. Invesco Ltd. bought a new stake in Waterdrop in the second quarter worth about $156,000. Finally, Renaissance Technologies LLC bought a new stake in Waterdrop in the first quarter worth about $94,000. 1.96% of the stock is currently owned by institutional investors.
About Waterdrop
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.
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