WebMD Health Corp (NASDAQ:WBMD) Downgraded by Leerink Swann

WebMD Health Corp (NASDAQ:WBMD) was downgraded by equities researchers at Leerink Swann from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, July 25th. They presently have a $66.50 target price on the health services provider’s stock, up from their previous target price of $60.00. Leerink Swann’s target price suggests a potential upside of 0.33% from the stock’s current price.

WBMD has been the subject of a number of other reports. Zacks Investment Research upgraded WebMD Health Corp from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, July 18th. BidaskClub upgraded WebMD Health Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 23rd. SunTrust Banks, Inc. lowered WebMD Health Corp from a “buy” rating to a “hold” rating and increased their price target for the company from $60.00 to $66.50 in a report on Tuesday, July 25th. Finally, William Blair restated a “hold” rating on shares of WebMD Health Corp in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.25.

Shares of WebMD Health Corp (NASDAQ WBMD) traded up 0.03% on Tuesday, hitting $66.28. 738,910 shares of the stock were exchanged. WebMD Health Corp has a one year low of $48.10 and a one year high of $66.45. The company has a 50-day moving average price of $62.24 and a 200-day moving average price of $56.02. The firm has a market capitalization of $2.42 billion, a PE ratio of 33.94 and a beta of 0.78.

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Several institutional investors have recently bought and sold shares of WBMD. Meadow Creek Investment Management LLC increased 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 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 buying an additional 196 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of WebMD Health Corp by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,410 shares of the health services provider’s stock worth $119,000 after buying an additional 93 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake 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 worth $130,000 after buying an additional 224 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of WebMD Health Corp during the first quarter worth $148,000. 89.87% of the stock is currently owned by institutional investors and hedge funds.

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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