WebMD Health Corp. Director James V. Manning Unloads 28,200 Shares (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) Director James V. Manning sold 28,200 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $48.53, for a total transaction of $1,368,546.00. Following the transaction, the director now directly owns 153,354 shares in the company, valued at approximately $7,442,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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, 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 issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. WebMD Health Corp. has an average rating of “Buy” and an average target price of $57.00.
WebMD Health Corp. (NASDAQ:WBMD) traded up 3.60% during mid-day trading on Monday, hitting $49.26. 938,414 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 has a 50-day moving average of $49.56 and a 200-day moving average of $45.37. The company has a market cap of $1.877 billion and a price-to-earnings ratio of 69.93.
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 EPS 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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