Waterdrop (NYSE:WDH) Trading 4.9% Higher

Waterdrop Inc. (NYSE:WDH) shot up 4.9% during trading on Tuesday . The stock traded as high as $1.29 and last traded at $1.29. 213,228 shares were traded during trading, a decline of 70% from the average session volume of 714,699 shares. The stock had previously closed at $1.23.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WDH shares. TheStreet cut Waterdrop from a “c” rating to a “d+” rating in a research note on Wednesday, June 28th. The Goldman Sachs Group decreased their price target on shares of Waterdrop from $3.20 to $2.80 and set a “buy” rating on the stock in a research note on Friday, September 8th.

Waterdrop Price Performance

The firm has a market cap of $504.38 million, a P/E ratio of 10.25 and a beta of -1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.49 and a quick ratio of 4.49. The company’s 50-day moving average is $1.69 and its two-hundred day moving average is $2.35.

Institutional Trading of Waterdrop

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Waterdrop during the first quarter worth $3,375,000. Two Sigma Investments LP bought a new position in Waterdrop in the first quarter valued at about $149,000. Sei Investments Co. bought a new position in Waterdrop in the first quarter valued at about $141,000. Russell Investments Group Ltd. acquired a new position in Waterdrop during the first quarter worth about $126,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Waterdrop by 175.8% in the second quarter. Renaissance Technologies LLC now owns 74,200 shares of the company’s stock worth $95,000 after acquiring an additional 47,300 shares during the last quarter. Institutional investors and hedge funds own 1.96% of the company’s stock.

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.