Waterdrop (NYSE:WDH) Sees Large Volume Increase – Here’s Why

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw unusually-strong trading volume on Friday . Approximately 446,496 shares traded hands during trading, an increase of 46% from the previous session’s volume of 305,507 shares.The stock last traded at $1.9250 and had previously closed at $1.90.

Analyst Ratings Changes

Several equities research analysts have issued reports on WDH shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterdrop in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, The Goldman Sachs Group lowered shares of 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, September 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.00.

Waterdrop Trading Up 1.8%

The firm has a market cap of $701.39 million, a price-to-earnings ratio of 10.18 and a beta of -0.25. The firm’s 50 day simple moving average is $1.74 and its two-hundred day simple moving average is $1.70.

Waterdrop (NYSE:WDH) last announced its earnings results on Wednesday, December 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.21). The business had revenue of $136.93 million for the quarter, compared to the consensus estimate of $859.05 million. Waterdrop had a return on equity of 9.99% and a net margin of 15.58%.

Institutional Trading of Waterdrop

Several large investors have recently modified their holdings of WDH. Sei Investments Co. bought a new position in shares of Waterdrop in the third quarter worth $26,000. Russell Investments Group Ltd. bought a new position in Waterdrop in the 3rd quarter valued at about $36,000. Marshall Wace LLP bought a new position in Waterdrop in the 2nd quarter valued at about $25,000. Centiva Capital LP acquired a new position in shares of Waterdrop in the 3rd quarter valued at approximately $59,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after acquiring an additional 25,510 shares during the period. 1.96% of the stock is owned by institutional investors and hedge funds.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.