Waterdrop (NYSE:WDH) Releases Quarterly Earnings Results

Waterdrop (NYSE:WDH) posted its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, Zacks reports. The business had revenue of $180.17 million during the quarter. Waterdrop had a net margin of 12.47% and a return on equity of 11.02%.

Waterdrop Trading Up 2.0%

NYSE:WDH opened at $1.31 on Thursday. The company has a market cap of $470.95 million, a PE ratio of 6.21 and a beta of -0.18. Waterdrop has a twelve month low of $1.26 and a twelve month high of $2.18. The company’s 50 day moving average is $1.57 and its two-hundred day moving average is $1.70.

Waterdrop Announces Dividend

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

Institutional Trading of Waterdrop

Large investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in Waterdrop during the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Waterdrop in the 3rd quarter valued at $36,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Waterdrop by 184.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after acquiring an additional 25,510 shares during the last quarter. SmartHarvest Portfolios LLC purchased a new stake in shares of Waterdrop in the 4th quarter valued at $86,000. Finally, Invesco Ltd. purchased a new stake in shares of Waterdrop in the 2nd quarter valued at $156,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered shares of Waterdrop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Waterdrop presently has an average rating of “Hold” and an average target price of $2.00.

Waterdrop Company Profile

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.