Waterdrop (NYSE:WDH) Sees Strong Trading Volume – Still a Buy?

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH) saw unusually-strong trading volume on Wednesday . Approximately 1,009,022 shares were traded during mid-day trading, an increase of 241% from the previous session’s volume of 295,867 shares.The stock last traded at $1.9750 and had previously closed at $1.87.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WDH. Wall Street Zen lowered shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. The Goldman Sachs Group cut shares of Waterdrop from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Waterdrop in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Waterdrop currently has a consensus rating of “Hold” and an average price target of $2.00.

Waterdrop Trading Down 0.8%

The company’s 50-day moving average is $1.78 and its 200 day moving average is $1.67. The firm has a market cap of $672.40 million, a PE ratio of 10.91 and a beta of -0.25.

Waterdrop (NYSE:WDH) last announced its earnings results on Wednesday, December 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.21). Waterdrop had a net margin of 14.77% and a return on equity of 9.07%.

Waterdrop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 10th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Friday, October 10th. Waterdrop’s dividend payout ratio is currently 29.41%.

Institutional Trading of Waterdrop

Hedge funds have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. purchased a new position in Waterdrop during the second quarter valued at approximately $372,000. Invesco Ltd. purchased a new stake in Waterdrop in the 2nd quarter worth approximately $156,000. Marshall Wace LLP acquired a new stake in shares of Waterdrop during the 2nd quarter valued at $25,000. E Fund Management Co. Ltd. purchased a new position in shares of Waterdrop during the 2nd quarter valued at $372,000. Finally, GSA Capital Partners LLP increased its stake in shares of Waterdrop by 91.0% in the third quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock worth $87,000 after acquiring an additional 21,953 shares during the last quarter. 1.96% of the stock is owned by hedge funds and other institutional investors.

About Waterdrop

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.