Waterdrop (NYSE:WDH) Raised to “Buy” at Wall Street Zen

by · The Cerbat Gem

Waterdrop (NYSE:WDH – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. The Goldman Sachs Group cut shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research note on Monday, September 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.00.

Check Out Our Latest Stock Analysis on WDH

Waterdrop Stock Performance

NYSE WDH opened at $1.80 on Friday. The business’s fifty day moving average is $1.77 and its 200 day moving average is $1.68. Waterdrop has a fifty-two week low of $1.08 and a fifty-two week high of $2.18. The company has a market capitalization of $650.65 million, a PE ratio of 9.45 and a beta of -0.25.

Waterdrop (NYSE:WDH – Get Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.21). Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.The company had revenue of $135.98 million during the quarter, compared to the consensus estimate of $859.05 million.

Institutional Trading of Waterdrop

A number of institutional investors and hedge funds have recently bought and sold shares of WDH. Sei Investments Co. bought a new position in shares of Waterdrop during the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. purchased a new stake in shares of Waterdrop in the third quarter worth about $36,000. Marshall Wace LLP bought a new position in Waterdrop during the second quarter valued at approximately $25,000. GSA Capital Partners LLP boosted its stake in Waterdrop by 91.0% during the third quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after buying an additional 21,953 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings 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 buying an additional 25,510 shares in the last quarter. 1.96% of the stock is currently owned by institutional investors.

About Waterdrop

(Get Free Report)

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.

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