Waterdrop (NYSE:WDH) Sees Unusually-High Trading Volume

Shares of Waterdrop Inc. (NYSE:WDHGet Rating) saw an uptick in trading volume on Friday . 59,206 shares changed hands during trading, a decline of 77% from the previous session’s volume of 259,394 shares.The stock last traded at $1.59 and had previously closed at $1.64.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded Waterdrop from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $2.00 to $2.10 in a research note on Friday, September 16th.

Waterdrop Stock Performance

The stock has a market capitalization of $6.19 billion, a PE ratio of -15.70, a PEG ratio of 9.44 and a beta of -0.34. The business has a 50 day moving average of $1.24 and a two-hundred day moving average of $1.25.

Waterdrop (NYSE:WDHGet Rating) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $104.72 million during the quarter. Waterdrop had a negative return on equity of 5.93% and a negative net margin of 8.93%. On average, equities analysts expect that Waterdrop Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Waterdrop

A hedge fund recently bought a new stake in Waterdrop stock. GSA Capital Partners LLP purchased a new stake in Waterdrop Inc. (NYSE:WDHGet Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,124 shares of the company’s stock, valued at approximately $36,000. 0.14% of the stock is owned by institutional investors.

About Waterdrop

(Get Rating)

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.

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