WebMD Health Corp (WBMD) Rating Reiterated by Raymond James Financial, Inc.

Raymond James Financial, Inc. reissued their market perform rating on shares of WebMD Health Corp (NASDAQ:WBMD) in a research note released on Tuesday, July 25th, Marketbeat reports. They currently have a $66.50 target price on the health services provider’s stock.

A number of other research firms also recently weighed in on WBMD. Leerink Swann downgraded WebMD Health Corp from an outperform rating to a market perform rating and lifted their target price for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. SunTrust Banks, Inc. downgraded WebMD Health Corp from a buy rating to a hold rating and lifted their target price for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. BidaskClub raised WebMD Health Corp from a strong sell rating to a sell rating in a report on Friday, June 23rd. Zacks Investment Research raised WebMD Health Corp from a hold rating to a buy rating and set a $62.00 target price for the company in a report on Tuesday, July 18th. Finally, William Blair reaffirmed a hold rating on shares of WebMD Health Corp in a research note on Friday, March 31st. One investment 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. The stock currently has an average rating of Hold and an average price target of $65.25.

Shares of WebMD Health Corp (NASDAQ:WBMD) traded up 0.03% during midday trading on Tuesday, reaching $66.28. 738,910 shares of the company’s stock traded hands. The stock has a 50 day moving average of $62.24 and a 200-day moving average of $56.02. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 33.94 and a beta of 0.78. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.45.

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Several hedge funds have recently added to or reduced their stakes in the company. Blue Harbour Group L.P. boosted its stake in WebMD Health Corp by 87.2% in the first quarter. Blue Harbour Group L.P. now owns 3,361,336 shares of the health services provider’s stock valued at $177,075,000 after buying an additional 1,565,422 shares during the period. Vanguard Group Inc. boosted its stake in WebMD Health Corp by 4.2% in the second quarter. Vanguard Group Inc. now owns 3,066,382 shares of the health services provider’s stock valued at $179,843,000 after buying an additional 123,295 shares during the period. State Street Corp boosted its stake in WebMD Health Corp by 4.0% in the second quarter. State Street Corp now owns 1,238,715 shares of the health services provider’s stock valued at $72,653,000 after buying an additional 47,603 shares during the period. Janus Capital Management LLC boosted its stake in WebMD Health Corp by 15.3% in the first quarter. Janus Capital Management LLC now owns 1,195,632 shares of the health services provider’s stock valued at $62,986,000 after buying an additional 158,534 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in WebMD Health Corp by 1.5% in the second quarter. Eagle Asset Management Inc. now owns 1,116,210 shares of the health services provider’s stock valued at $65,465,000 after buying an additional 16,877 shares during the period. Institutional investors own 89.87% 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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