Wall Street Zen lowered shares of Waterdrop (NYSE:WDH - Free Report) from a buy rating to a hold rating in a research report report published on Saturday.
Waterdrop Price Performance
Shares of NYSE:WDH traded down $0.11 during midday trading on Friday, hitting $1.79. 417,394 shares of the company's stock were exchanged, compared to its average volume of 474,640. The stock has a 50 day moving average price of $1.47 and a 200-day moving average price of $1.36. The company has a market cap of $647.03 million, a PE ratio of 11.90 and a beta of -0.30. Waterdrop has a 12 month low of $0.97 and a 12 month high of $2.17.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Waterdrop in the fourth quarter valued at approximately $78,000. Baader Bank Aktiengesellschaft increased its holdings in Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after acquiring an additional 369,325 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Waterdrop during the 2nd quarter worth approximately $372,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.
About Waterdrop
(
Get Free Report)
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.
Featured Stories
Before you consider Waterdrop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waterdrop wasn't on the list.
While Waterdrop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access