Insider Selling: WebMD Health Corp. Chairman Sells 114,919 Shares of Stock (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) Chairman Martin J. Wygod unloaded 114,919 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $47.86, for a total transaction of $5,500,023.34. Following the transaction, the chairman now directly owns 163,506 shares of the company’s stock, valued at approximately $7,825,397. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WBMD shares. 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. WebMD Health Corp. has a consensus rating of “Buy” and an average price target of $57.00.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 0.44% during mid-day trading on Thursday, hitting $47.53. 350,758 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 $49.5 and its 200-day moving average is $45.39. The company has a market cap of $1.811 billion and a price-to-earnings ratio of 70.21.
WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings results 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.
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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