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

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.

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.

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

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.

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