Leerink Swann Reiterates “Buy” Rating for WebMD Health Corp. (WBMD)
WebMD Health Corp. (NASDAQ:WBMD)‘s stock had its “buy” rating restated by Leerink Swann in a report released on Wednesday.
The analysts wrote, “We are somewhat surprised by the CEO change, given the company’s strong performance particularly over the last year. However from our conversation with the company we believe Dr. Zatz has been running many of the day-to-day operations of the business and he is viewed as a strong internal leader both by customers and employees of the business. Given Dr.””
A number of other brokerages have also recently issued reports on WBMD. Zacks Investment Research upgraded WebMD Health Corp. from a “sell” rating to a “hold” rating in a report on Tuesday. Mizuho restated a “buy” rating and set a $63.00 target price (down previously from $68.00) on shares of WebMD Health Corp. in a report on Monday. KeyCorp reduced their target price on WebMD Health Corp. from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $62.00 target price on shares of WebMD Health Corp. in a report on Thursday, August 11th. Finally, Citigroup Inc. raised their target price on WebMD Health Corp. from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $64.79.
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WebMD Health Corp. (NASDAQ:WBMD) traded down 0.06% during mid-day trading on Wednesday, reaching $48.87. The company’s stock had a trading volume of 138,996 shares. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 30.09 and a beta of 0.70. WebMD Health Corp. has a 12 month low of $37.89 and a 12 month high of $67.55. The stock’s 50 day moving average is $53.16 and its 200 day moving average is $59.33.
WebMD Health Corp. (NASDAQ:WBMD) last announced its earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The company earned $167.60 million during the quarter, compared to analyst estimates of $165.46 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that WebMD Health Corp. will post $1.82 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of WebMD Health Corp. during the first quarter worth about $115,000. LS Investment Advisors LLC purchased a new stake in shares of WebMD Health Corp. during the second quarter worth about $134,000. BlackRock Inc. raised its stake in shares of WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock worth $156,000 after buying an additional 1,413 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of WebMD Health Corp. during the first quarter worth about $203,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock worth $207,000 after buying an additional 3,521 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.
About WebMD Health Corp.
WebMD Health Corp. is a provider of health information services. The Company provides its 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. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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