Waterdrop (NYSE:WDH) Sets New 1-Year Low – Here’s What Happened

Waterdrop Inc. Unsponsored ADR (NYSE:WDHGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $1.26 and last traded at $1.2750, with a volume of 728863 shares changing hands. The stock had previously closed at $1.40.

Analysts Set New Price Targets

WDH has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Weiss Ratings upgraded shares of Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.00.

View Our Latest Research Report on Waterdrop

Waterdrop Trading Down 8.9%

The stock’s fifty day moving average is $1.58 and its 200 day moving average is $1.71. The company has a market capitalization of $460.12 million, a P/E ratio of 6.67 and a beta of -0.18.

Waterdrop (NYSE:WDHGet Free Report) last issued its quarterly earnings data on Tuesday, June 16th. The company reported $0.04 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%.

Waterdrop Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, April 24th were given a dividend of $0.03 per share. This represents a yield of 356.0%. The ex-dividend date of this dividend was Friday, April 24th. Waterdrop’s payout ratio is presently 23.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new position in Waterdrop during the 3rd quarter valued at $26,000. Russell Investments Group Ltd. purchased a new position in Waterdrop during the 3rd quarter valued at $36,000. Marshall Wace LLP purchased a new position in Waterdrop during the 2nd quarter valued at $25,000. GSA Capital Partners LLP increased its position in Waterdrop by 91.0% during the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after purchasing an additional 21,953 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after purchasing an additional 25,510 shares during the period. 1.96% of the stock is owned by hedge funds and other institutional investors.

Waterdrop Company Profile

(Get Free Report)

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.

Further Reading

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