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

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw strong trading volume on Monday . 201,777 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 310,400 shares.The stock last traded at $1.8850 and had previously closed at $1.84.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Waterdrop currently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Stock Down 0.8%

The business has a fifty day moving average of $1.81 and a 200 day moving average of $1.80. The company has a market cap of $650.65 million, a P/E ratio of 9.45 and a beta of -0.26.

Waterdrop (NYSE:WDH) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $859.05 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WDH. Sei Investments Co. bought a new position in shares of Waterdrop in the 3rd quarter worth approximately $26,000. Russell Investments Group Ltd. bought a new position in Waterdrop in the third quarter worth $36,000. Marshall Wace LLP purchased a new position in Waterdrop during the second quarter valued at $25,000. GSA Capital Partners LLP boosted its holdings in shares of Waterdrop by 91.0% during the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after buying an additional 21,953 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Waterdrop by 184.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after buying an additional 25,510 shares during the period. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Waterdrop Company Profile

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.