Waterdrop (NYSE:WDH) Shares Up 9.4% – What’s Next?

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) were up 9.4% during trading on Monday . The company traded as high as $1.79 and last traded at $1.8050. Approximately 33,147 shares were traded during trading, a decline of 89% from the average daily volume of 293,529 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WDH shares. Wall Street Zen downgraded shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group cut shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective on the stock. in a research report on Monday, September 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $2.00.

Waterdrop Stock Up 10.6%

The stock has a market capitalization of $661.53 million, a PE ratio of 10.74 and a beta of -0.25. The stock’s 50-day moving average is $1.79 and its 200 day moving average is $1.65.

Waterdrop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 10th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.6%. Waterdrop’s dividend payout ratio is 29.41%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in shares of Waterdrop during the 3rd quarter valued at about $80,000. Centiva Capital LP bought a new position in shares of Waterdrop in the third quarter valued at approximately $59,000. Arrowstreet Capital Limited Partnership lifted 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 worth $74,000 after acquiring an additional 25,510 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Waterdrop during the 3rd quarter worth about $26,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Waterdrop in the third quarter valued at approximately $36,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Company Profile

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.