Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $2.17 and last traded at $2.03, with a volume of 851058 shares changing hands. The stock had previously closed at $1.82.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a report on Friday, June 27th.
Read Our Latest Analysis on WDH
Waterdrop Stock Up 10.2%
The company has a fifty day moving average of $1.44 and a 200 day moving average of $1.34. The company has a market cap of $726.77 million, a P/E ratio of 13.37 and a beta of -0.30.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in Waterdrop in the 4th quarter worth $78,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop during the second quarter worth about $372,000. Finally, Baader Bank Aktiengesellschaft raised its stake in Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after purchasing an additional 369,325 shares during the period. 1.96% of the stock is owned by hedge funds and other institutional investors.
Waterdrop Company Profile
(
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.
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