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 report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Waterdrop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Waterdrop Price Performance

Shares of Waterdrop stock opened at $1.00 on Friday. The stock has a market cap of $362.69 million, a price-to-earnings ratio of 4.79 and a beta of -0.24. The firm’s 50-day moving average is $1.02 and its two-hundred day moving average is $1.38. Waterdrop has a 1 year low of $0.96 and a 1 year high of $2.03.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.05 EPS for the quarter. The business had revenue of $213.16 million during the quarter. Waterdrop had a net margin of 10.69% and a return on equity of 10.47%.

Waterdrop Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 9th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, October 9th. This represents a yield of 580.0%. Waterdrop’s payout ratio is currently 19.05%.

Hedge Funds Weigh In On Waterdrop

An institutional investor recently bought a new stake in Waterdrop stock. Renaissance Technologies LLC bought a new position in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,957 shares of the company’s stock, valued at approximately $94,000. 1.96% of the stock is currently owned by institutional investors.

About Waterdrop

Waterdrop Inc is a technology platform focused on insurance services and healthcare support in China. Through its online insurance marketplace, the company helps consumers compare and purchase insurance products, while providing insurers with digital distribution and customer-engagement services.

The company also operates Waterdrop Crowdfunding, an online medical expense fundraising platform intended to help individuals and families seek financial assistance for treatment-related costs.