Insider Selling: Douglas W. Wamsley Sells 25,997 Shares of WebMD Health Corp. Stock (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) VP Douglas W. Wamsley sold 25,997 shares of WebMD Health Corp. stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $48.01, for a total value of $1,248,115.97. Following the completion of the sale, the vice president now directly owns 26,000 shares of the company’s stock, valued at approximately $1,248,260. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded up 0.32% during mid-day trading on Wednesday, hitting $47.74. 486,817 shares of the company’s stock traded hands. WebMD Health Corp. has a 1-year low of $28.03 and a 1-year high of $53.30. The stock’s 50-day moving average is $49.64 and its 200-day moving average is $45.37. The company has a market cap of $1.819 billion and a P/E ratio of 69.99.
WebMD Health Corp. (NASDAQ:WBMD) last released its earnings data on Tuesday, August 5th. 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. On average, analysts predict that WebMD Health Corp. will post $0.97 earnings per share for the current fiscal year.
WBMD has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of WebMD Health Corp. in a research note on Wednesday, August 6th. They now have a $57.00 price target on the stock, up previously from $54.00. 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 assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. WebMD Health Corp. presently has a consensus rating of “Buy” and an average price target of $57.00.
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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