WebMD Health Corp. Director Unloads $230,541 in Stock (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) Director James Manning sold 6,888 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.47, for a total transaction of $230,541.36. Following the transaction, the director now directly owns 209,536 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of WebMD Health Corp. (NASDAQ:WBMD) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $36.40 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of WebMD Health Corp. (NASDAQ:WBMD) from $36.00 to $39.00 in a research note to investors on Tuesday, August 6th. They now have a “strong-buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of WebMD Health Corp. (NASDAQ:WBMD) in a research note to investors on Thursday, August 1st. They now have a $40.00 price target on the stock, up previously from $35.00.
One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WebMD Health Corp. presently has an average rating of “Buy” and an average price target of $32.08.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 1.96% during mid-day trading on Friday, hitting $31.109. The stock had a trading volume of 309,419 shares. WebMD Health Corp. has a 1-year low of $13.13 and a 1-year high of $35.28. The stock’s 50-day moving average is $32.36 and its 200-day moving average is $27.98. The company’s market cap is $1.542 billion. WebMD Health Corp. also was the recipient of some unusual options trading on Tuesday. Investors acquired 13,354 put options on the stock. This is an increase of approximately 526% compared to the typical daily volume of 2,132 put options.
WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $125.30 million for the quarter, compared to the consensus estimate of $124.43 million. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that WebMD Health Corp. will post $0.23 earnings per share for the current fiscal year.
WebMD Health Corp. is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications.
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