Waterdrop (NYSE:WDH) Stock Dropped to “Hold” by Wall Street Zen

Wall Street Zen lowered shares of Waterdrop (NYSE:WDH) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Waterdrop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, November 9th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Waterdrop presently has an average rating of “Hold”.

Waterdrop Price Performance

WDH stock traded up $0.01 during trading hours on Friday, reaching $1.00. 318,147 shares of the stock were exchanged, compared to its average volume of 213,860. The firm’s 50-day moving average is $1.02 and its 200-day moving average is $1.34. The company has a market cap of $362.68 million, a price-to-earnings ratio of 4.79 and a beta of -0.17. Waterdrop has a 12 month low of $0.96 and a 12 month high of $2.03.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $213.16 million for the quarter. Waterdrop had a return on equity of 10.47% and a net margin of 10.69%.

Waterdrop Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, November 6th. Stockholders of record on Friday, October 9th were given a $0.03 dividend. This represents a dividend yield of 580.0%. The ex-dividend date of this dividend was Friday, October 9th. Waterdrop’s payout ratio is currently 23.81%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Waterdrop stock. Renaissance Technologies LLC purchased a new stake in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 57,957 shares of the company’s stock, valued at approximately $94,000. 1.96% of the stock is owned by hedge funds and other institutional investors.

About Waterdrop

Waterdrop Inc. is a China-focused technology platform that connects consumers with insurance products and medical fundraising services. Its insurance business distributes policies from third-party insurers through online channels, including coverage for health, life and accidents. The company also operates Waterdrop Medical Crowdfunding, a platform through which people can seek donations to help cover medical expenses. Waterdrop was founded in 2016 by Shen Peng, who has served as the company’s chairman and chief executive officer.