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

Waterdrop (NYSE:WDH) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Waterdrop Trading Down 1.3%

Shares of Waterdrop stock opened at $1.39 on Thursday. The firm’s 50 day moving average is $1.34 and its 200 day moving average is $1.25. The firm has a market capitalization of $514.90 million, a PE ratio of 11.59 and a beta of -0.36. Waterdrop has a 1 year low of $0.97 and a 1 year high of $1.57.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft grew its position in Waterdrop by 1,198.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after acquiring an additional 1,192,092 shares during the last quarter. IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop during the fourth quarter valued at about $6,760,000. Catalina Capital Group LLC bought a new stake in shares of Waterdrop during the fourth quarter worth about $27,000. Finally, Jane Street Group LLC acquired a new position in shares of Waterdrop in the fourth quarter valued at approximately $78,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.

Waterdrop Company Profile

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.