WebMD Health Corp (NASDAQ:WBMD) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Wednesday. They presently have a $66.50 price target on the health services provider’s stock, up from their previous price target of $62.00. Citigroup Inc.’s price objective points to a potential upside of 0.61% from the company’s current price.

A number of other analysts have also weighed in on WBMD. Leerink Swann lowered WebMD Health Corp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $60.00 to $66.50 in a research note on Tuesday. Raymond James Financial, Inc. lowered WebMD Health Corp from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday. SunTrust Banks, Inc. lowered WebMD Health Corp from a “buy” rating to a “hold” rating and raised their target price for the company from $60.00 to $66.50 in a research note on Tuesday. Zacks Investment Research upgraded WebMD Health Corp from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, July 18th. Finally, William Blair restated a “hold” rating on shares of WebMD Health Corp in a research note on Friday, March 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Shares of WebMD Health Corp (WBMD) traded up 0.08% during trading on Wednesday, reaching $66.15. 1,190,218 shares of the company were exchanged. The stock has a 50-day moving average of $58.04 and a 200 day moving average of $53.92. The stock has a market capitalization of $2.40 billion, a P/E ratio of 34.51 and a beta of 0.74. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.15.

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 Zacks’ consensus estimate of $0.27 by $0.03. The company had revenue of $154.06 million during the quarter, compared to analysts’ expectations of $152.53 million. WebMD Health Corp had a return on equity of 26.73% and a net margin of 12.56%. On average, equities analysts anticipate that WebMD Health Corp will post $2.05 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of WebMD Health Corp during the fourth quarter worth approximately $751,000. Envestnet Asset Management Inc. raised its stake in shares of 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 worth $119,000 after buying an additional 93 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of WebMD Health Corp by 8.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,690 shares of the health services provider’s stock worth $332,000 after buying an additional 510 shares during the last quarter. Norges Bank purchased a new stake in shares of WebMD Health Corp during the fourth quarter worth approximately $13,284,000. Finally, Quadrature Capital Ltd raised its stake in shares of WebMD Health Corp by 127.9% in the fourth quarter. Quadrature Capital Ltd now owns 15,711 shares of the health services provider’s stock worth $779,000 after buying an additional 8,818 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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.

Analyst Recommendations for WebMD Health Corp (NASDAQ:WBMD)

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