Waterdrop (NYSE:WDH) Announces Quarterly Earnings Results

Waterdrop (NYSE:WDH) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%.

Waterdrop Trading Up 1.1%

NYSE WDH opened at $1.42 on Tuesday. The firm’s fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.71. Waterdrop has a 12-month low of $1.29 and a 12-month high of $2.18. The firm has a market capitalization of $510.65 million, a P/E ratio of 6.74 and a beta of -0.18.

Waterdrop Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, April 24th were issued a dividend of $0.03 per share. This represents a yield of 356.0%. The ex-dividend date of this dividend was Friday, April 24th. Waterdrop’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WDH. Wall Street Zen raised shares of Waterdrop from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Weiss Ratings raised shares of Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.00.

Institutional Investors Weigh In On Waterdrop

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in shares of Waterdrop during the second quarter worth $25,000. Sei Investments Co. acquired a new position in Waterdrop during the third quarter valued at $26,000. Russell Investments Group Ltd. acquired a new position in Waterdrop during the third quarter valued at $36,000. Centiva Capital LP acquired a new position in Waterdrop during the third quarter valued at $59,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Waterdrop by 184.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after purchasing an additional 25,510 shares during the period. 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.