Shares of Waterdrop Inc. (NYSE:WDH – Get Ranking) reached a brand new 52-week excessive throughout mid-day buying and selling on Thursday after The Goldman Sachs Group raised their worth goal on the inventory from $2.70 to $3.30. The Goldman Sachs Group at present has a purchase score on the inventory. Waterdrop traded as excessive as $2.15 and final traded at $2.15, with a quantity of 5912 shares buying and selling fingers. The inventory had beforehand closed at $2.01.
Individually, Morgan Stanley upgraded Waterdrop from an “equal weight” score to an “obese” score and lifted their worth goal for the corporate from $2.00 to $2.10 in a analysis notice on Friday, September sixteenth.
Hedge Funds Weigh In On Waterdrop
An institutional investor just lately purchased a brand new place in Waterdrop inventory. GSA Capital Companions LLP purchased a brand new place in shares of Waterdrop Inc. (NYSE:WDH – Get Ranking) in the course of the 1st quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The agency purchased 24,124 shares of the corporate’s inventory, valued at roughly $36,000. Hedge funds and different institutional buyers personal 0.14% of the corporate’s inventory.
Waterdrop Buying and selling Up 1.8 %
The corporate’s 50-day easy transferring common is $1.46 and its 200 day easy transferring common is $1.31. The inventory has a market cap of $8.87 billion, a P/E ratio of 15.00, a PEG ratio of 13.96 and a beta of -0.01.
Waterdrop (NYSE:WDH – Get Ranking) final posted its earnings outcomes on Friday, September ninth. The corporate reported $0.08 EPS for the quarter. Waterdrop had a internet margin of 14.65% and a return on fairness of 9.77%. The agency had income of $104.72 million for the quarter. Analysis analysts anticipate that Waterdrop Inc. will publish 0.12 earnings per share for the present fiscal yr.
Waterdrop Firm Profile
(Get Ranking)
Waterdrop Inc, via its subsidiaries, supplies on-line insurance coverage brokerage providers to match and join customers with associated insurance coverage merchandise underwritten by insurance coverage corporations within the Folks’s Republic of China. The corporate affords short-term well being and long-term well being and life insurance coverage services.
Advisable Tales
This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you think about Waterdrop, you may need to hear this.
MarketBeat retains monitor of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their shoppers each day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Waterdrop wasn’t on the listing.
Whereas Waterdrop at present has a “Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
View The 5 Shares Right here
