Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $1.98, but opened at $2.06. Waterdrop shares last traded at $2.08, with a volume of 107,766 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Waterdrop from a "buy" rating to a "hold" rating in a research report on Saturday.
Check Out Our Latest Analysis on Waterdrop
Waterdrop Stock Performance
The stock has a market cap of $654.27 million, a price-to-earnings ratio of 12.03 and a beta of -0.30. The company's 50 day simple moving average is $1.47 and its 200 day simple moving average is $1.35.
Institutional Trading of Waterdrop
Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Waterdrop in the fourth quarter worth about $78,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Waterdrop in the 2nd quarter worth approximately $372,000. Finally, Baader Bank Aktiengesellschaft grew its stake in shares of Waterdrop by 28.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after purchasing an additional 369,325 shares during the last quarter. Institutional investors and hedge funds own 1.96% of the company's stock.
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.
See Also
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access