Waterdrop (NYSE:WDH) Stock Falls 0.5% - Here's Why

Key Points

• Waterdrop shares fell 0.5% to about $1.025, with trading volume 52% below the average. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is neutral: recent research firms downgraded Waterdrop to “Hold,” giving the stock a consensus “Hold” rating.
• Waterdrop reported quarterly revenue of $213.16 million and earnings of $0.05 per share, while declaring a $0.03 dividend payable November 6 to shareholders of record October 9.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report)'s share price was down 0.5% during trading on Wednesday. The company traded as low as $1.01 and last traded at $1.0250. Approximately 534,103 shares traded hands during trading, a decline of 52% from the average daily volume of 1,103,368 shares. The stock had previously closed at $1.03.

Wall Street Analysts Forecast Growth

WDH has been the topic of several research reports. Weiss Ratings cut Waterdrop from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Wall Street Zen lowered shares of Waterdrop from a "buy" rating to a "hold" rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Waterdrop presently has a consensus rating of "Hold".

Waterdrop Trading Down 0.5%

The company's 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.32. The firm has a market cap of $369.90 million, a PE ratio of 4.88 and a beta of -0.08.

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

Waterdrop Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 9th will be given a $0.03 dividend. The ex-dividend date is Friday, October 9th. This represents a yield of 558.0%. Waterdrop's dividend payout ratio is presently 23.81%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Waterdrop stock. IDG China Capital Fund GP III Associates Ltd. acquired a new stake in shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 283,175 shares of the company's stock, valued at approximately $538,000. Waterdrop accounts for approximately 0.5% of IDG China Capital Fund GP III Associates Ltd.'s portfolio, making the stock its 2nd biggest position. IDG China Capital Fund GP III Associates Ltd. owned approximately 0.08% of Waterdrop at the end of the most recent reporting period. Institutional investors own 1.96% of the company's stock.

Waterdrop Company Profile

Waterdrop Inc NYSE: WDH is a technology platform company based in China that focuses on insurance services and healthcare-related support. The company uses digital platforms to connect consumers with insurance products and services, with an emphasis on improving access to protection and medical assistance.

Its principal business is the Waterdrop Insurance Marketplace, an online platform that helps individuals compare and purchase insurance products from third-party insurers. Waterdrop also operates Waterdrop Medical Crowdfunding, which enables individuals and families to seek financial assistance for medical expenses through online fundraising campaigns.

Waterdrop was founded in 2016 by Shen Peng, who has served as the company's chairman and chief executive officer.

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