Waterdrop (NYSE:WDH) Stock Price Up 0% – Time to Buy?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH)’s stock price traded up 0% on Wednesday . The stock traded as high as $1.01 and last traded at $1.00. Approximately 175,339 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 196,484 shares. The stock had previously closed at $0.9999.

Wall Street Analyst Weigh In

Several research firms have commented on WDH. Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings cut Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Trading Up 0.0%

The company has a market cap of $360.88 million, a price-to-earnings ratio of 4.76 and a beta of -0.09. The stock has a 50-day simple moving average of $1.15 and a 200-day simple moving average of $1.48.

Waterdrop (NYSE:WDH) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $0.04 EPS for the quarter. The company had revenue of $180.17 million for the quarter. Waterdrop had a return on equity of 10.87% and a net margin of 12.47%.

Hedge Funds Weigh In On Waterdrop

Several large investors have recently bought and sold shares of WDH. Renaissance Technologies LLC bought a new stake in shares of Waterdrop during the 1st quarter worth about $94,000. IDG China Capital Fund GP III Associates Ltd. bought a new position in shares of Waterdrop in the fourth quarter valued at approximately $538,000. SmartHarvest Portfolios LLC bought a new position in shares of Waterdrop in the fourth quarter valued at approximately $86,000. Boundless Plain Holdings Ltd acquired a new position in shares of Waterdrop during the fourth quarter valued at approximately $21,936,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Waterdrop during the third quarter valued at approximately $80,000. 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.