Weiss Ratings Reiterates Hold (C+) Rating for Waterdrop (NYSE:WDH)

Waterdrop (NYSE:WDH - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.Several other research firms have also recently weighed in on WDH. Wall Street Zen cut Waterdrop from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. The Goldman Sachs Group lowered Waterdrop from a "buy" rating to a "neutral" rating and set a $2.00 price objective on the stock. in a research report on Monday, September 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $2.00.Check Out Our Latest Stock Analysis on WaterdropWaterdrop Stock PerformanceShares of NYSE WDH traded down $0.02 during mid-day trading on Wednesday, hitting $1.92. The stock had a trading volume of 214,951 shares, compared to its average volume of 301,503. The business has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $1.55. Waterdrop has a 1 year low of $0.97 and a 1 year high of $2.18. The firm has a market cap of $694.15 million, a P/E ratio of 11.27 and a beta of -0.25. Hedge Funds Weigh In On WaterdropSeveral hedge funds and other institutional investors have recently bought and sold shares of WDH. Baader Bank Aktiengesellschaft lifted its stake in Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after acquiring an additional 369,325 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Waterdrop in the second quarter worth approximately $372,000. Invesco Ltd. bought a new stake in Waterdrop during the second quarter valued at approximately $156,000. Marshall Wace LLP bought a new stake in Waterdrop during the second quarter valued at approximately $25,000. Finally, E Fund Management Co. Ltd. bought a new stake in Waterdrop during the second quarter valued at approximately $372,000. Institutional investors own 1.96% of the company's stock. Waterdrop Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than WaterdropExpert Stock Trading Psychology TipsThis Insider Just Made a Massive Bet on Transocean's ComebackInvesting in the High PE Growth Stocks Treat Your Portfolio With These 3 Spooky Season StocksUsing the MarketBeat Dividend Tax CalculatorEnergy Transfer's New Growth Engine Ignites Investor InterestThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Waterdrop Right Now?Before you consider Waterdrop, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waterdrop wasn't on the list.While Waterdrop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here