Shares of Waterdrop Inc. (NYSE:WDH – Get 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.
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:WDH – Get 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.
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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