WebMD Health Corp. (NASDAQ:WBMD) has been assigned an average recommendation of “Buy” from the twelve analysts that are currently covering the company. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $64.44.

WBMD has been the topic of several research reports. Cowen and Company lowered shares of WebMD Health Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Wednesday, March 15th. Citigroup Inc raised shares of WebMD Health Corp. from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Monday, January 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of WebMD Health Corp. from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd. Mizuho lifted their price objective on shares of WebMD Health Corp. from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, February 17th. Finally, William Blair reissued a “hold” rating on shares of WebMD Health Corp. in a report on Friday, March 31st.

A number of institutional investors have recently added to or reduced their stakes in WBMD. Meadow Creek Investment Management LLC raised its position in WebMD Health Corp. by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,936 shares of the health services provider’s stock valued at $102,000 after buying an additional 176 shares in the last quarter. Envestnet Asset Management Inc. raised its position in WebMD Health Corp. by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,410 shares of the health services provider’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in WebMD Health Corp. by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 2,464 shares of the health services provider’s stock valued at $130,000 after buying an additional 224 shares in the last quarter. Elkfork Partners LLC purchased a new position in WebMD Health Corp. during the fourth quarter valued at about $135,000. Finally, Asset Management One Co. Ltd. purchased a new position in WebMD Health Corp. during the first quarter valued at about $148,000. 86.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 56.53 on Friday. The company has a 50 day moving average price of $54.27 and a 200 day moving average price of $52.31. WebMD Health Corp. has a 1-year low of $48.10 and a 1-year high of $66.20. The stock has a market cap of $2.05 billion, a P/E ratio of 29.49 and a beta of 0.54.

WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings data on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The company had revenue of $154.06 million for the quarter, compared to analyst estimates of $152.53 million. WebMD Health Corp. had a net margin of 11.97% and a return on equity of 35.64%. On average, equities analysts anticipate that WebMD Health Corp. will post $2.04 EPS for the current year.

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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 through its Websites, mobile applications and health-focused publications. Advertisers and sponsors use The WebMD Health Network to reach and engage healthcare professionals and consumers who are interested in healthy living, wellness, diseases and conditions, and other health-related topics.

12 Month Chart for NASDAQ:WBMD

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