WebMD Health Corp (NASDAQ:WBMD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $74.00 target price on the health services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.33% from the company’s previous close.

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. “

Other equities research analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. cut shares of WebMD Health Corp from a “buy” rating to a “hold” rating and increased their target price for the company from $60.00 to $66.50 in a research report on Tuesday, July 25th. Leerink Swann cut shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and increased their target price for the company from $60.00 to $66.50 in a research report on Tuesday, July 25th. Raymond James Financial, Inc. reissued a “market perform” rating and set a $66.50 target price on shares of WebMD Health Corp in a research report on Tuesday, July 25th. Citigroup Inc. cut shares of WebMD Health Corp from a “buy” rating to a “neutral” rating and increased their target price for the company from $62.00 to $66.50 in a research report on Wednesday, July 26th. Finally, KeyCorp lowered shares of WebMD Health Corp to an “overweight” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $65.25.

Shares of WebMD Health Corp (WBMD) opened at 66.50 on Friday. WebMD Health Corp has a 12 month low of $48.10 and a 12 month high of $66.57. The company’s 50 day moving average is $66.35 and its 200 day moving average is $58.01. The company has a market cap of $2.43 billion, a P/E ratio of 34.05 and a beta of 0.79.

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A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC increased its stake in WebMD Health Corp by 2.4% during the 2nd quarter. Advisory Services Network LLC now owns 6,515 shares of the health services provider’s stock valued at $382,000 after purchasing an additional 150 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of 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 acquiring an additional 196 shares during the period. Koch Industries Inc. increased its stake in shares of WebMD Health Corp by 11,780.9% in the second quarter. Koch Industries Inc. now owns 866,475 shares of the health services provider’s stock worth $852,000 after acquiring an additional 859,182 shares during the period. California State Teachers Retirement System increased its stake in shares of WebMD Health Corp by 34.7% in the second quarter. California State Teachers Retirement System now owns 124,361 shares of the health services provider’s stock worth $7,294,000 after acquiring an additional 32,056 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of WebMD Health Corp by 16.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,522 shares of the health services provider’s stock worth $383,000 after acquiring an additional 938 shares during the period. Institutional investors and hedge funds own 91.10% 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.

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