Waterdrop (NYSE:WDH - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Friday.
Waterdrop Stock Performance
Shares of NYSE WDH traded down $0.01 during mid-day trading on Friday, reaching $1.43. 205,862 shares of the company traded hands, compared to its average volume of 235,558. The company's fifty day moving average is $1.33 and its two-hundred day moving average is $1.26. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $1.57. The stock has a market cap of $516.53 million, a PE ratio of 11.88 and a beta of -0.36.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of WDH. Catalina Capital Group LLC bought a new stake in Waterdrop during the fourth quarter valued at about $27,000. Jane Street Group LLC acquired a new position in shares of Waterdrop during the 4th quarter worth about $78,000. Baader Bank Aktiengesellschaft boosted 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. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the 4th quarter valued at approximately $6,760,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.
About Waterdrop
(
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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.
Further Reading
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