Waterdrop (NYSE:WDH) Trading 0% Higher - Still a Buy?

Key Points

• Waterdrop shares were essentially flat at about $1.00, with trading volume below average. The stock remains well below its 50-day and 200-day moving averages of $1.15 and $1.48, respectively.
• Analyst sentiment has weakened, with recent downgrades leaving Waterdrop with an average “Hold” rating and a $2.00 price target.
• The company reported quarterly earnings of $0.04 per share on $180.17 million in revenue, alongside a 12.47% net margin. Institutional ownership remains limited at 1.96%, despite several funds recently initiating positions.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) traded up 0% during mid-day trading on Wednesday . The stock traded as high as $1.01 and last traded at $1.00. Approximately 175,339 shares were traded during trading, a decline of 11% from the average daily volume of 196,484 shares. The stock had previously closed at $0.9999.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WDH shares. Weiss Ratings lowered Waterdrop from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Waterdrop currently has an average rating of "Hold" and an average price target of $2.00.

Waterdrop Trading Up 0.0%

The stock's 50-day moving average price is $1.15 and its 200-day moving average price is $1.48. The company has a market capitalization of $360.88 million, a P/E ratio of 4.76 and a beta of -0.09.

Waterdrop (NYSE:WDH - Get Free Report) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.04 earnings per share for the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 10.87%. The firm had revenue of $180.17 million for the quarter.

Institutional Trading of Waterdrop

A number of institutional investors and hedge funds have recently made changes to their positions in WDH. Boundless Plain Holdings Ltd bought a new position in Waterdrop during the 4th quarter worth $21,936,000. IDG China Capital Fund GP III Associates Ltd. bought a new stake in Waterdrop in the fourth quarter valued at $538,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop in the second quarter valued at $372,000. Invesco Ltd. acquired a new position in shares of Waterdrop during the second quarter valued at $156,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Waterdrop during the first quarter valued at $94,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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