A number of other analysts also recently weighed in on WBMD. William Blair downgraded WebMD Health Corp. from an outperform rating to a market perform rating in a report on Friday, June 3rd. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed an outperform rating and set a $75.00 price target on shares of WebMD Health Corp. in a research report on Wednesday, June 22nd. Zacks Investment Research cut shares of WebMD Health Corp. from a strong-buy rating to a hold rating in a research report on Wednesday, July 6th. Mizuho initiated coverage on shares of WebMD Health Corp. in a research report on Monday, July 11th. They set a buy rating and a $68.00 price target on the stock. Finally, Vetr raised shares of WebMD Health Corp. from a hold rating to a strong-buy rating and set a $71.50 price target on the stock in a research report on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $64.79.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 49.70 on Wednesday. WebMD Health Corp. has a 52-week low of $40.51 and a 52-week high of $67.55. The company has a 50 day moving average price of $51.40 and a 200-day moving average price of $58.89. The firm has a market cap of $1.87 billion, a P/E ratio of 30.60 and a beta of 0.57.
WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The business earned $167.60 million during the quarter, compared to the consensus estimate of $165.46 million. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. WebMD Health Corp.’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. On average, analysts expect that WebMD Health Corp. will post $1.82 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of WebMD Health Corp. during the fourth quarter valued at $11,992,000. CIBC World Markets Inc. acquired a new position in shares of WebMD Health Corp. during the first quarter valued at $2,091,000. Parametrica Management Ltd acquired a new position in shares of WebMD Health Corp. during the first quarter valued at $203,000. Pacad Investment Ltd. acquired a new position in shares of WebMD Health Corp. during the first quarter valued at $539,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of WebMD Health Corp. by 23.4% in the first quarter. TIAA CREF Investment Management LLC now owns 149,911 shares of the company’s stock valued at $9,389,000 after buying an additional 28,402 shares during the last quarter. 84.19% 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, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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