Waterdrop (NYSE:WDH) Stock Rating Lowered by Wall Street Zen

Key Points

• Waterdrop was downgraded by Wall Street Zen from buy to hold, while Weiss Ratings separately nudged its rating up from hold (c) to hold (c+). Overall, MarketBeat shows a consensus Hold rating with a $2.00 price target.
• The stock opened at $1.57, below both its 50-day moving average of $1.69 and 200-day moving average of $1.75. Waterdrop’s market cap is about $567.3 million, and the shares have traded between $1.24 and $2.18 over the past year.
• In its latest quarterly report, Waterdrop posted EPS of $0.06, topping expectations, and revenue of $201.71 million, well above analysts’ estimates. The company is a China-based insurtech and health protection platform focused on insurance, healthcare services, and crowdfunding for medical expenses.

Waterdrop (NYSE:WDH - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings upgraded shares of Waterdrop from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Waterdrop has a consensus rating of "Hold" and a consensus price target of $2.00.

Waterdrop Stock Performance

WDH stock opened at $1.57 on Friday. The stock's 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.75. The company has a market cap of $567.28 million, a P/E ratio of 7.45 and a beta of -0.16. Waterdrop has a fifty-two week low of $1.24 and a fifty-two week high of $2.18.

Waterdrop (NYSE:WDH - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.The firm had revenue of $201.71 million during the quarter, compared to analysts' expectations of $117.69 million.

Institutional Trading of Waterdrop

Several institutional investors and hedge funds have recently modified their holdings of WDH. Boundless Plain Holdings Ltd purchased a new position in shares of Waterdrop during the fourth quarter valued at approximately $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new stake in Waterdrop during the fourth quarter worth $538,000. E Fund Management Co. Ltd. purchased a new stake in Waterdrop in the 2nd quarter valued at $372,000. Invesco Ltd. purchased a new stake in Waterdrop in the 2nd quarter valued at $156,000. Finally, SmartHarvest Portfolios LLC bought a new position in Waterdrop during the 4th quarter valued at $86,000. 1.96% of the stock is owned by hedge funds and other institutional investors.

Waterdrop Company Profile

Waterdrop Inc NYSE: WDH is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.