Waterdrop (NYSE:WDH) Trading Down 3.4% – Time to Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares traded down 3.4% on Wednesday . The stock traded as low as $1.80 and last traded at $1.8250. 155,838 shares were traded during mid-day trading, a decline of 50% from the average session volume of 311,603 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

WDH has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price target on the stock. in a research report on Monday, September 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Waterdrop presently has an average rating of “Hold” and an average price target of $2.00.

Waterdrop Trading Up 0.5%

The stock’s 50 day moving average is $1.76 and its two-hundred day moving average is $1.73. The stock has a market capitalization of $688.71 million, a price-to-earnings ratio of 10.00 and a beta of -0.26.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.21). The firm had revenue of $136.93 million during the quarter, compared to analyst estimates of $859.05 million. Waterdrop had a net margin of 15.58% and a return on equity of 9.99%.

Institutional Investors Weigh In On Waterdrop

Institutional investors have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Waterdrop during the 2nd quarter worth approximately $372,000. E Fund Management Co. Ltd. acquired a new position in Waterdrop during the second quarter worth $372,000. Invesco Ltd. bought a new position in Waterdrop in the second quarter valued at $156,000. NewEdge Advisors LLC bought a new position in Waterdrop in the third quarter valued at $80,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Waterdrop by 184.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after buying an additional 25,510 shares during the last quarter. Institutional investors own 1.96% of the company’s stock.

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.