|Over a month ago|
Waterdrop falls -9.6% » 10:0001/0301/03/23
Waterdrop is down -9.6%,…
Waterdrop is down -9.6%, or -32c to $3.01.
Waterdrop falls -10.1% » 12:0012/3012/30/22
Waterdrop is down -10.1%,…
Waterdrop is down -10.1%, or -34c to $3.02.
Waterdrop falls -8.0% » 10:0012/3012/30/22
Waterdrop is down -8.0%,…
Waterdrop is down -8.0%, or -27c to $3.09.
Waterdrop falls -8.9% » 09:4712/3012/30/22
Waterdrop is down -8.9%,…
Waterdrop is down -8.9%, or -30c to $3.06.
|Over a quarter ago|
Waterdrop upgraded to Overweight from Equal Weight at Morgan Stanley » 05:3809/1609/16/22
Morgan Stanley analyst…
Morgan Stanley analyst Jenny Jiang upgraded Waterdrop to Overweight from Equal Weight with a price target of $2.10, up from $2. The analyst cites improving fundamentals and regulatory environment for the upgrade. Waterdrop's revenue continued to recover sequentially, up 8% quarter-over-quarter, and its earnings have been positive for the past three quarters, Jiang tells investors in a research note. The analyst believes the company's channel diversification and increasing focus on business quality are "bearing fruit." Jiang adds that regulators have made progress on American depository receipt negotiations.
Waterdrop joins United Nations Global Compact » 10:0508/2208/22/22
Waterdrop announced that…
Waterdrop announced that it has become a member of the United Nations Global Compact, the world's largest corporate sustainability initiative.
Waterdrop opens first agency outlet in Wuhan » 10:2108/1708/17/22
Waterdrop recently opened…
Waterdrop recently opened its first agency outlet in Wuhan. It will provide local residents with a range of specialized insurance services, such as insurance customization, security risk assessment, policy consulting, and entrusted policy management.
Waterdrop downgraded to Equal Weight from Overweight at Morgan Stanley » 08:2303/2503/25/22
Morgan Stanley analyst…
Morgan Stanley analyst Jenny Jiang downgraded Waterdrop to Equal Weight from Overweight with a price target of $2, down from $5. Revenue fell 27% in Q4 due to a decline in insurance sales, though the company achieved breakeven earlier than expected, Jiang noted. However, she cut her 2022 and 2023 EPS forecasts by 62% and 77%, respectively, as she moderated her revenue growth forecasts from 40% to 20%. Her lower rating reflects regulatory and geopolitical uncertainties and better opportunities elsewhere within her coverage universe, the analyst added.