Shares of WebMD Health Corp (NASDAQ:WBMD) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $63.36.
A number of research firms have recently weighed in on WBMD. Zacks Investment Research raised shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, April 20th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $66.50 price objective on shares of WebMD Health Corp in a report on Tuesday, July 25th. KeyCorp downgraded shares of WebMD Health Corp to an “overweight” rating in a report on Wednesday, August 2nd. Leerink Swann downgraded shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. Finally, BidaskClub raised shares of WebMD Health Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 23rd.
WebMD Health Corp (WBMD) traded up 0.08% during mid-day trading on Friday, reaching $66.33. 1,123,376 shares of the company traded hands. The stock has a market capitalization of $2.42 billion, a PE ratio of 33.96 and a beta of 0.78. The firm’s 50-day moving average is $61.22 and its 200 day moving average is $55.41. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.45.
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A number of institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its position in shares of 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 valued at $102,000 after buying an additional 176 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of 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 valued at $130,000 after buying an additional 224 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of WebMD Health Corp during the first quarter valued at about $148,000. Elkfork Partners LLC increased its position in shares of 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 valued at $158,000 after buying an additional 272 shares during the period. Finally, Bank of Montreal Can increased its position in shares of WebMD Health Corp by 7.8% in the second quarter. Bank of Montreal Can now owns 2,966 shares of the health services provider’s stock valued at $174,000 after buying an additional 214 shares during the period. 89.87% of the stock is 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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