Waterdrop (NYSE:WDH) Sees Large Volume Increase – Still a Buy?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares saw unusually-strong trading volume on Friday . Approximately 446,496 shares traded hands during trading, an increase of 46% from the previous session’s volume of 305,507 shares.The stock last traded at $1.9250 and had previously closed at $1.90.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WDH shares. Wall Street Zen raised shares of Waterdrop from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. The Goldman Sachs Group cut Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.00.

Waterdrop Stock Performance

The firm’s 50-day simple moving average is $1.74 and its 200 day simple moving average is $1.70. The stock has a market capitalization of $701.39 million, a P/E ratio of 10.18 and a beta of -0.25.

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

Institutional Investors Weigh In On Waterdrop

Several large investors have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in Waterdrop during the second quarter worth $25,000. Sei Investments Co. bought a new position in shares of Waterdrop in the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new position in shares of Waterdrop during the 3rd quarter worth about $36,000. Centiva Capital LP bought a new stake in shares of Waterdrop in the 3rd quarter valued at about $59,000. Finally, Arrowstreet Capital Limited Partnership lifted 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 purchasing an additional 25,510 shares during the last quarter. Institutional investors and hedge funds 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.