WebMD Health Corp (WBMD) Upgraded to Sell by BidaskClub
WebMD Health Corp (NASDAQ:WBMD) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.
Other equities analysts also recently issued research reports about the stock. William Blair reissued a “hold” rating on shares of WebMD Health Corp in a research note on Friday, March 31st. Zacks Investment Research raised shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, April 20th. Finally, Cowen and Company downgraded shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research note on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.05.
WebMD Health Corp (NASDAQ:WBMD) traded up 0.36% during mid-day trading on Friday, hitting $59.18. The company had a trading volume of 178,871 shares. The firm has a market capitalization of $2.15 billion, a PE ratio of 30.87 and a beta of 0.65. The company has a 50 day moving average of $56.50 and a 200 day moving average of $52.84. WebMD Health Corp has a 1-year low of $48.10 and a 1-year high of $62.45.
WebMD Health Corp (NASDAQ:WBMD) last issued its quarterly earnings data on Tuesday, May 2nd. The health services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $154.06 million during the quarter, compared to the consensus estimate of $152.53 million. WebMD Health Corp had a net margin of 12.55% and a return on equity of 27.77%. Analysts predict that WebMD Health Corp will post $2.04 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of WBMD. Blue Harbour Group L.P. increased its position in shares of WebMD Health Corp by 87.2% in the first quarter. Blue Harbour Group L.P. now owns 3,361,336 shares of the health services provider’s stock worth $177,075,000 after buying an additional 1,565,422 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of WebMD Health Corp by 65,992.1% in the third quarter. Victory Capital Management Inc. now owns 888,278 shares of the health services provider’s stock worth $44,147,000 after buying an additional 886,934 shares during the last quarter. Eagle Asset Management increased its position in shares of WebMD Health Corp by 60.0% in the third quarter. Eagle Asset Management now owns 1,887,400 shares of the health services provider’s stock worth $75,194,000 after buying an additional 707,693 shares during the last quarter. RS Investment Management Co. LLC acquired a new position in shares of WebMD Health Corp during the second quarter worth about $40,334,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of WebMD Health Corp during the first quarter worth about $34,201,000. 92.15% 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 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.
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