WebMD Health Corp. Director Sells $436,113 in Stock (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) Director Neil F. Dimick unloaded 9,033 shares of WebMD Health Corp. stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $48.28, for a total transaction of $436,113.24. Following the sale, the director now directly owns 13,006 shares in the company, valued at approximately $627,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
WBMD has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of WebMD Health Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $55.10 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “positive” rating on shares of WebMD Health Corp. in a research note on Monday, August 25th. They now have a $60.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.68.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 0.74% during mid-day trading on Wednesday, hitting $48.00. The stock had a trading volume of 482,982 shares. 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 $48. and its 200-day moving average is $45.54. The company has a market cap of $1.829 billion and a price-to-earnings ratio of 71.12.
WebMD Health Corp. (NASDAQ:WBMD) last announced its earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter 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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