Waterdrop (NYSE:WDH) Stock Price Down 5% – Here’s Why

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares were down 5% on Friday . The company traded as low as $1.51 and last traded at $1.4920. Approximately 142,182 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 246,914 shares. The stock had previously closed at $1.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings raised Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.00.

Waterdrop Trading Down 6.7%

The firm has a market capitalization of $528.69 million, a price-to-earnings ratio of 6.98 and a beta of -0.16. The company has a fifty day moving average price of $1.65 and a 200-day moving average price of $1.73.

Waterdrop (NYSE:WDH) last announced its quarterly earnings results on Thursday, March 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $201.71 million during the quarter, compared to analyst estimates of $117.69 million. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.

Waterdrop Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, April 24th were issued a $0.03 dividend. This represents a yield of 356.0%. The ex-dividend date was Friday, April 24th. Waterdrop’s payout ratio is 23.81%.

Institutional Investors Weigh In On Waterdrop

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDH. Boundless Plain Holdings Ltd acquired a new stake in Waterdrop in the 4th quarter worth approximately $21,936,000. IDG China Capital Fund GP III Associates Ltd. acquired a new stake in Waterdrop in the 4th quarter worth approximately $538,000. E Fund Management Co. Ltd. acquired a new position in shares of Waterdrop during the second quarter worth approximately $372,000. Invesco Ltd. acquired a new position in shares of Waterdrop during the second quarter worth approximately $156,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Waterdrop during the first quarter worth approximately $94,000. 1.96% of the stock is currently 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.