Waterdrop (NYSE:WDH - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Friday.
Waterdrop Trading Down 1.1%
WDH stock traded down $0.02 during trading hours on Friday, hitting $1.34. 146,993 shares of the stock traded hands, compared to its average volume of 212,186. The stock has a 50-day simple moving average of $1.37 and a 200 day simple moving average of $1.30. Waterdrop has a one year low of $0.97 and a one year high of $1.57. The company has a market cap of $483.91 million, a P/E ratio of 8.90 and a beta of -0.29.
Institutional Investors Weigh In On Waterdrop
Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Waterdrop during the fourth quarter valued at $78,000. Baader Bank Aktiengesellschaft lifted its holdings in shares of Waterdrop by 28.6% during 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 during the last quarter. Finally, IDG China Capital Fund III Associates L.P. purchased a new stake in shares of Waterdrop during the fourth quarter valued at $6,760,000. 1.96% of the stock is owned by hedge funds and other institutional investors.
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.
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