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 report released on Monday.

Separately, Weiss Ratings lowered shares of Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Waterdrop has an average rating of “Hold” and a consensus price target of $2.00.

Waterdrop Price Performance

WDH opened at $1.26 on Monday. The firm has a market capitalization of $454.71 million, a price-to-earnings ratio of 6.00 and a beta of -0.12. Waterdrop has a fifty-two week low of $1.08 and a fifty-two week high of $2.18. The company’s 50 day moving average price is $1.43 and its two-hundred day moving average price is $1.64.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $180.17 million during the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Boundless Plain Holdings Ltd purchased a new position in Waterdrop during the 4th quarter worth $21,936,000. Ethos Financial Group LLC bought a new position in shares of Waterdrop in the fourth quarter valued at approximately $73,000. SmartHarvest Portfolios LLC purchased a new position in Waterdrop during the fourth quarter valued at approximately $86,000. NewEdge Advisors LLC bought a new stake in Waterdrop during the 3rd quarter worth approximately $80,000. Finally, Centiva Capital LP purchased a new stake in Waterdrop in the 3rd quarter worth approximately $59,000. 1.96% of the stock is owned by institutional investors and hedge funds.

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.