Waterdrop (NYSE:WDH) Raised to "Buy" at Wall Street Zen

Key Points

• Waterdrop (NYSE:WDH) has been upgraded from a "hold" to a "buy" rating by investment analysts at Wall Street Zen.
• As of Friday, Waterdrop's stock opened at $1.85, reflecting a 12-month low of $0.97 and a high of $2.18, with a market cap of $668.78 million.
• Recently, several hedge funds, including E Fund Management Co. Ltd., have made new investments in Waterdrop, indicating increased institutional interest in the company.

Waterdrop (NYSE:WDH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Waterdrop Trading Down 2.4%

NYSE WDH opened at $1.85 on Friday. The company has a fifty day simple moving average of $1.73 and a 200 day simple moving average of $1.48. Waterdrop has a 12-month low of $0.97 and a 12-month high of $2.18. The company has a market cap of $668.78 million, a P/E ratio of 10.85 and a beta of -0.27.

Hedge Funds Weigh In On Waterdrop

Several large investors have recently bought and sold shares of WDH. Marshall Wace LLP bought a new position in Waterdrop during the 2nd quarter valued at $25,000. Jane Street Group LLC bought a new position in Waterdrop during the 4th quarter valued at $78,000. Invesco Ltd. bought a new position in Waterdrop during the 2nd quarter valued at $156,000. E Fund Management Co. Ltd. bought a new position in Waterdrop during the 2nd quarter valued at $372,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Waterdrop during the 2nd quarter valued at $372,000. 1.96% of the stock is currently owned by institutional investors.

Waterdrop Company Profile

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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