Insider Selling: Martin J. Wygod Unloads 35,081 Shares of WebMD Health Corp. Stock (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) Chairman Martin J. Wygod sold 35,081 shares of WebMD Health Corp. stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $48.20, for a total value of $1,690,904.20. Following the sale, the chairman now directly owns 128,425 shares of the company’s stock, valued at approximately $6,190,085. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
WebMD Health Corp. (NASDAQ:WBMD) opened at 49.75 on Wednesday. WebMD Health Corp. has a 52-week low of $28.03 and a 52-week high of $53.30. The stock has a 50-day moving average of $49.60 and a 200-day moving average of $45.38. The company has a market cap of $1.896 billion and a P/E ratio of 72.44.
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.
Several analysts have recently commented on the stock. 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 assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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