Waterdrop (NYSE:WDH) Sees Unusually-High Trading Volume – Should You Buy?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares saw unusually-high trading volume on Monday . Approximately 201,777 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 310,400 shares.The stock last traded at $1.8850 and had previously closed at $1.84.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Waterdrop presently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Price Performance

The company has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $1.80. The firm has a market cap of $661.53 million, a price-to-earnings ratio of 9.61 and a beta of -0.26.

Waterdrop (NYSE:WDH) last issued its quarterly earnings results on Wednesday, December 10th. 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 business had revenue of $136.93 million during the quarter, compared to the consensus estimate of $859.05 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Waterdrop during the third quarter worth $80,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Waterdrop during the fourth quarter valued at $86,000. Invesco Ltd. acquired a new position in shares of Waterdrop in the 2nd quarter valued at $156,000. Finally, E Fund Management Co. Ltd. acquired a new position in shares of Waterdrop in the 2nd quarter valued at $372,000. Institutional investors own 1.96% of the company’s stock.

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.