Waterdrop (NYSE:WDH) Issues Earnings Results

Waterdrop (NYSE:WDH) announced its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $180.17 million for the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 11.02%.

Waterdrop Stock Performance

WDH stock opened at $1.25 on Friday. The stock’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.70. The firm has a market cap of $451.46 million, a P/E ratio of 5.96 and a beta of -0.18. Waterdrop has a 1 year low of $1.23 and a 1 year high of $2.18.

Waterdrop Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, April 24th were issued a $0.03 dividend. This represents a dividend yield of 356.0%. The ex-dividend date of this dividend was Friday, April 24th. Waterdrop’s dividend payout ratio is 23.81%.

Institutional Investors Weigh In On Waterdrop

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. acquired a new stake in Waterdrop in the 2nd quarter worth about $156,000. Marshall Wace LLP acquired a new position in shares of Waterdrop in the 2nd quarter valued at $25,000. E Fund Management Co. Ltd. acquired a new position in shares of Waterdrop in the 2nd quarter valued at $372,000. Russell Investments Group Ltd. purchased a new stake in shares of Waterdrop during the 3rd quarter valued at $36,000. Finally, Sei Investments Co. purchased a new stake in shares of Waterdrop during the 3rd quarter valued at $26,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WDH. Weiss Ratings downgraded Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2.00.

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.