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WebMD Health Corp. (NASDAQ:WBMD) saw unusually-strong trading volume on Wednesday after the company announced better than expected quarterly earnings, Stock Ratings Network reports. Approximately 818,841 shares traded hands during mid-day trading, an increase of 57% from the previous session’s volume of 520,526 shares.The stock last traded at $49.29 and had previously closed at $47.95.

The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.04. The company had revenue of $140.40 million for the quarter, compared to the consensus estimate of $139.95 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis.

A number of research firms have recently commented on WBMD. Analysts at Raymond James reiterated a “strong-buy” rating on shares of WebMD Health Corp. in a research note on Wednesday. They now have a $57.00 price target on the stock, up previously from $54.00. Separately, analysts at Zacks upgraded shares of WebMD Health Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $53.10 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of WebMD Health Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 2nd. They now have a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.35.

The stock has a 50-day moving average of $49.7 and a 200-day moving average of $45.35. The company has a market cap of $1.882 billion and a price-to-earnings ratio of 98.26. WebMD Health Corp. also was the target of some unusual options trading on Tuesday. Investors acquired 1,315 call options on the stock. This represents an increase of approximately 538% compared to the average daily volume of 206 call options.

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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