Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report)'s stock price rose 7.2% on Monday . The company traded as high as $1.80 and last traded at $1.78. Approximately 62,528 shares changed hands during trading, a decline of 76% from the average daily volume of 256,939 shares. The stock had previously closed at $1.66.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Waterdrop from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.
Check Out Our Latest Stock Analysis on Waterdrop
Waterdrop Trading Up 1.7%
The company has a market capitalization of $641.59 million, a PE ratio of 11.83 and a beta of -0.28. The business has a fifty day moving average of $1.51 and a 200 day moving average of $1.38.
Institutional Investors Weigh In On Waterdrop
A number of hedge funds have recently bought and sold shares of WDH. Baader Bank Aktiengesellschaft lifted its position in shares of 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 purchasing an additional 369,325 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Waterdrop during the 2nd quarter worth about $372,000. Finally, Jane Street Group LLC purchased a new position in shares of Waterdrop in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 1.96% of the company's stock.
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 Articles
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access