WebMD Health Corp (NASDAQ:WBMD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $74.00 target price on the health services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.58% from the company’s current price.

According to Zacks, “WebMD announced today that is has signed an agreement to acquire Conceptis Technologies Inc., a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. Conceptis has been successful in developing a strong online presence in the cardiology community and is highly respected for the depth and breadth of content contained on its flagship. With the combination of two of the leading cardiology channels on the Internet, Medscape Cardiology and www.theheart.org, WebMD is well positioned to further its lead and penetration in this high value segment of medical marketing. “

A number of other equities research analysts have also recently weighed in on WBMD. KeyCorp cut shares of WebMD Health Corp to an “overweight” rating in a research note on Wednesday, August 2nd. Leerink Swann cut shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. SunTrust Banks, Inc. cut shares of WebMD Health Corp from a “buy” rating to a “hold” rating and lifted their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. Citigroup Inc. cut shares of WebMD Health Corp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $62.00 to $66.50 in a research note on Wednesday, July 26th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a $66.50 price objective on shares of WebMD Health Corp in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $65.25.

WebMD Health Corp (WBMD) opened at 66.32 on Thursday. WebMD Health Corp has a 1-year low of $48.10 and a 1-year high of $66.45. The firm has a market capitalization of $2.42 billion, a PE ratio of 33.96 and a beta of 0.78. The stock’s 50 day moving average is $61.83 and its 200-day moving average is $55.83.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 worth $102,000 after buying an additional 176 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in WebMD Health Corp by 11.1% in the second quarter. Public Employees Retirement System of Ohio now owns 1,959 shares of the health services provider’s stock worth $115,000 after buying an additional 196 shares during 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 worth $130,000 after buying an additional 224 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in WebMD Health Corp during the first quarter worth about $148,000. Finally, Elkfork Partners LLC raised its position in WebMD Health Corp by 10.0% in the first quarter. Elkfork Partners LLC now owns 2,992 shares of the health services provider’s stock worth $158,000 after buying an additional 272 shares during the last quarter. 89.87% of the stock is currently owned by hedge funds and other institutional investors.

WebMD Health Corp Company Profile

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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