WebMD Health Corp. (WBMD) Receives Average Rating of “Hold” from Analysts
Shares of WebMD Health Corp. (NASDAQ:WBMD) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $65.07.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Friday, September 1st. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $66.50 price objective on shares of WebMD Health Corp. in a research report on Tuesday, July 25th. KeyCorp lowered WebMD Health Corp. to an “overweight” rating in a research report on Wednesday, August 2nd. Leerink Swann lowered WebMD Health Corp. from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. lowered WebMD Health Corp. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th.
A number of large investors have recently added to or reduced their stakes in WBMD. Janus Henderson Group PLC acquired a new position in WebMD Health Corp. during the second quarter worth $60,851,000. Koch Industries Inc. lifted its stake in WebMD Health Corp. by 11,780.9% during the second quarter. Koch Industries Inc. now owns 866,475 shares of the health services provider’s stock worth $852,000 after purchasing an additional 859,182 shares in the last quarter. Farallon Capital Management LLC acquired a new position in WebMD Health Corp. during the second quarter worth $39,831,000. Voya Investment Management LLC lifted its stake in WebMD Health Corp. by 3,655.4% during the second quarter. Voya Investment Management LLC now owns 578,629 shares of the health services provider’s stock worth $33,936,000 after purchasing an additional 563,221 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in WebMD Health Corp. by 201.6% during the first quarter. Point72 Asset Management L.P. now owns 253,900 shares of the health services provider’s stock worth $13,375,000 after purchasing an additional 503,900 shares in the last quarter. Institutional investors own 90.99% of the company’s stock.
Shares of WebMD Health Corp. (NASDAQ WBMD) opened at 66.48 on Wednesday. The company’s 50 day moving average price is $66.35 and its 200-day moving average price is $58.11. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 34.04 and a beta of 0.79. WebMD Health Corp. has a 52 week low of $48.10 and a 52 week high of $66.57.
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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.
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