Waterdrop's (WDH) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Waterdrop's stock has received a "hold (C+)" rating from Weiss Ratings, reaffirming the current status amid recent downgrades by other analysts.
• The stock currently trades at about $1.80, with a consensus price target of $2.00 according to market analysis.
• Institutional investors have been active in Waterdrop, with organizations like Marshall Wace LLP and Invesco Ltd. acquiring new positions in the second quarter.

Waterdrop (NYSE:WDH - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Waterdrop from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. 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 report on Monday, September 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.00.

Waterdrop Stock Performance

Shares of WDH traded up $0.01 during mid-day trading on Friday, hitting $1.80. 108,460 shares of the company's stock were exchanged, compared to its average volume of 303,338. The stock's 50-day moving average is $1.85 and its 200-day moving average is $1.58. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $2.18. The company has a market cap of $650.65 million, a price-to-earnings ratio of 10.56 and a beta of -0.25.

Institutional Investors Weigh In On Waterdrop

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in Waterdrop in the second quarter valued at approximately $25,000. Invesco Ltd. acquired a new position in shares of Waterdrop in the 2nd quarter valued at $156,000. E Fund Management Co. Ltd. purchased a new position in shares of Waterdrop in the 2nd quarter valued at $372,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Waterdrop during the 2nd quarter worth $372,000. Finally, Baader Bank Aktiengesellschaft lifted its position 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 acquiring an additional 369,325 shares during the last quarter. 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.

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