Waterdrop (NYSE:WDH) Shares Down 4.1% - Time to Sell?

Waterdrop Inc. (NYSE:WDH - Get Free Report)'s stock price traded down 4.1% during mid-day trading on Tuesday . The company traded as low as $1.40 and last traded at $1.41. 43,533 shares were traded during trading, a decline of 81% from the average session volume of 229,117 shares. The stock had previously closed at $1.47.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Waterdrop Trading Down 1.0%

The stock's 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.28. The stock has a market cap of $512.90 million, a price-to-earnings ratio of 11.79 and a beta of -0.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WDH. Jane Street Group LLC acquired a new position in Waterdrop in the fourth quarter valued at about $78,000. Baader Bank Aktiengesellschaft raised its stake in Waterdrop by 28.6% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after purchasing an additional 369,325 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. acquired a new position in Waterdrop in the fourth quarter valued at about $6,760,000. Institutional investors and hedge funds own 1.96% of the company's stock.

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.