Free Trial

Waterdrop (NYSE:WDH) Trading Down 4.4% - Should You Sell?

Waterdrop logo with Finance background

Key Points

  • Waterdrop Inc. shares fell by 4.4% to $1.86, with trading volume increasing to 318,018 shares, surpassing the daily average of 293,100.
  • Wall Street analysts are divided on Waterdrop, with one upgrading its rating to buy while Goldman Sachs downgraded it to neutral with a $2.00 price target.
  • The company announced a quarterly dividend of $0.03 per share, reflecting a 6.3% yield, with the dividend to be paid on November 7th.
  • Interested in Waterdrop? Here are five stocks we like better.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares dropped 4.4% during trading on Monday . The stock traded as low as $1.86 and last traded at $1.86. Approximately 318,018 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 293,100 shares. The stock had previously closed at $1.94.

Wall Street Analysts Forecast Growth

WDH has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. The Goldman Sachs Group downgraded Waterdrop from a "buy" rating to a "neutral" rating and set a $2.00 price target on the stock. in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $2.00.

Check Out Our Latest Stock Analysis on Waterdrop

Waterdrop Trading Down 2.3%

The company has a market capitalization of $686.90 million, a PE ratio of 11.15 and a beta of -0.27. The business's fifty day moving average is $1.82 and its two-hundred day moving average is $1.53.

Waterdrop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, October 10th. Waterdrop's payout ratio is 17.65%.

Institutional Investors Weigh In On Waterdrop

A number of hedge funds have recently modified their holdings of WDH. Jane Street Group LLC bought a new position in Waterdrop in the 4th quarter worth $78,000. Baader Bank Aktiengesellschaft boosted its holdings in 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 buying an additional 369,325 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Waterdrop in the 2nd quarter worth $372,000. Invesco Ltd. bought a new position in Waterdrop in the 2nd quarter worth $156,000. Finally, Marshall Wace LLP bought a new position in Waterdrop in the 2nd quarter worth $25,000. Institutional investors 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Waterdrop Right Now?

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

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.