Waterdrop Inc. Unsponsored ADR (NYSE:WDH – Get Free Report)’s stock price was up 0% on Wednesday . The company traded as high as $1.01 and last traded at $1.00. 175,339 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 196,484 shares. The stock had previously closed at $0.9999.
Analysts Set New Price Targets
Several analysts have commented on the stock. Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings downgraded shares of Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.00.
Waterdrop Price Performance
Waterdrop (NYSE:WDH – Get Free Report) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $180.17 million during the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%.
Institutional Investors Weigh In On Waterdrop
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. acquired a new stake in Waterdrop during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. acquired a new stake in shares of Waterdrop during the 3rd quarter worth about $36,000. Marshall Wace LLP bought a new position in Waterdrop during the 2nd quarter valued at about $25,000. Arrowstreet Capital Limited Partnership boosted its position in Waterdrop by 184.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after buying an additional 25,510 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Waterdrop during the third quarter worth approximately $59,000. 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.
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