Waterdrop (NYSE:WDH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Waterdrop (NYSE:WDH) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. The Goldman Sachs Group downgraded Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a report on Monday, September 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.00.

Waterdrop Price Performance

WDH stock opened at $1.71 on Friday. The company has a market capitalization of $618.03 million, a PE ratio of 8.97 and a beta of -0.25. Waterdrop has a 12 month low of $1.08 and a 12 month high of $2.18. The firm’s 50-day moving average is $1.76 and its 200 day moving average is $1.68.

Waterdrop (NYSE:WDH) last issued its earnings results on Wednesday, December 3rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The company had revenue of $136.93 million for the quarter, compared to analysts’ expectations of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

Hedge Funds Weigh In On Waterdrop

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDH. Marshall Wace LLP bought a new position in Waterdrop in the second quarter worth about $25,000. Sei Investments Co. purchased a new position in shares of Waterdrop in the 3rd quarter worth approximately $26,000. Russell Investments Group Ltd. bought a new position in shares of Waterdrop during the 3rd quarter worth approximately $36,000. Centiva Capital LP bought a new position in shares of Waterdrop during the 3rd quarter worth approximately $59,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Waterdrop by 184.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after acquiring an additional 25,510 shares during the last quarter. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.