Waterdrop (NYSE:WDH) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Waterdrop (NYSE:WDH) from a buy rating to a hold rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings upgraded shares of Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.00.

Waterdrop Trading Up 0.3%

Shares of WDH opened at $1.57 on Friday. The firm’s 50-day moving average is $1.69 and its two-hundred day moving average is $1.75. Waterdrop has a twelve month low of $1.24 and a twelve month high of $2.18. The firm has a market capitalization of $567.28 million, a P/E ratio of 7.45 and a beta of -0.16.

Waterdrop (NYSE:WDH) last issued its earnings results on Thursday, March 26th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%. The company had revenue of $201.71 million for the quarter, compared to analyst estimates of $117.69 million.

Waterdrop Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th will be given a $0.03 dividend. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop’s dividend payout ratio is currently 23.81%.

Institutional Trading of Waterdrop

Large investors have recently modified their holdings of the business. Sei Investments Co. acquired a new stake in shares of Waterdrop in the third quarter valued at approximately $26,000. Russell Investments Group Ltd. acquired a new stake in shares of Waterdrop in the third quarter valued at approximately $36,000. Marshall Wace LLP purchased a new position in shares of Waterdrop during the second quarter valued at approximately $25,000. Centiva Capital LP purchased a new position in shares of Waterdrop during the third quarter valued at approximately $59,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Waterdrop during the fourth quarter valued at approximately $73,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.

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.