Waterdrop (NYSE:WDH) Trading Down 4% – Time to Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares were down 4% during trading on Wednesday . The company traded as low as $1.81 and last traded at $1.8150. Approximately 126,956 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 311,160 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

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

Waterdrop Stock Performance

The company has a market capitalization of $654.28 million, a PE ratio of 9.55 and a beta of -0.25. The stock has a fifty day moving average of $1.75 and a 200 day moving average of $1.71.

Waterdrop (NYSE:WDH) last announced 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). The company had revenue of $136.93 million for the quarter, compared to analysts’ expectations of $859.05 million. Waterdrop had a net margin of 15.58% and a return on equity of 9.99%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop in the second quarter worth about $372,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop in the 2nd quarter worth approximately $372,000. Invesco Ltd. bought a new stake in Waterdrop in the 2nd quarter worth approximately $156,000. GSA Capital Partners LLP raised 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 worth $87,000 after acquiring an additional 21,953 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Waterdrop during the 3rd quarter valued at approximately $80,000. 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.