Wall Street Zen Downgrades Waterdrop (NYSE:WDH) to Hold

Waterdrop (NYSE:WDH) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other equities research analysts have also weighed in on WDH. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a research note on Saturday, September 27th. The Goldman Sachs Group downgraded shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Waterdrop has a consensus rating of “Hold” and a consensus price target of $2.00.

Waterdrop Trading Up 2.4%

Shares of WDH opened at $1.94 on Friday. The firm has a market cap of $701.40 million, a PE ratio of 11.38 and a beta of -0.25. The firm has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $1.54. Waterdrop has a 1-year low of $0.97 and a 1-year high of $2.18.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Baader Bank Aktiengesellschaft boosted its holdings in Waterdrop by 28.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company’s stock worth $2,475,000 after buying an additional 369,325 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Waterdrop in the 2nd quarter worth $372,000. E Fund Management Co. Ltd. bought a new position in Waterdrop in the 2nd quarter worth $372,000. Invesco Ltd. bought a new position in Waterdrop in the 2nd quarter worth $156,000. Finally, Jane Street Group LLC bought a new position in Waterdrop in the 4th quarter worth $78,000. Institutional investors own 1.96% of the company’s stock.

Waterdrop Company Profile

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.