WebMD Health Corp. (NASDAQ:WBMD)‘s stock had its “buy” rating reaffirmed by equities researchers at KeyCorp in a research report issued to clients and investors on Friday.
Other analysts also recently issued reports about the company. Leerink Swann restated a “buy” rating on shares of WebMD Health Corp. in a research report on Wednesday, September 28th. Zacks Investment Research upgraded WebMD Health Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Mizuho restated a “buy” rating and issued a $63.00 price target (down from $68.00) on shares of WebMD Health Corp. in a research report on Monday, September 19th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $62.00 price target on shares of WebMD Health Corp. in a research report on Thursday, August 11th. Finally, Citigroup Inc. raised their price target on WebMD Health Corp. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. WebMD Health Corp. presently has a consensus rating of “Buy” and a consensus target price of $64.79.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 50.10 on Friday. WebMD Health Corp. has a one year low of $40.51 and a one year high of $67.55. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 30.85 and a beta of 0.57. The stock has a 50 day moving average of $51.31 and a 200-day moving average of $58.84.
WebMD Health Corp. (NASDAQ:WBMD) last posted its earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. WebMD Health Corp. had a net margin of 11.05% and a return on equity of 40.02%. The firm earned $167.60 million during the quarter, compared to analyst estimates of $165.46 million. During the same period last year, the firm posted $0.32 earnings per share. WebMD Health Corp.’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts expect that WebMD Health Corp. will post $1.82 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in WBMD. RS Investment Management Co. LLC purchased a new stake in WebMD Health Corp. during the second quarter valued at $40,334,000. State Street Corp increased its stake in WebMD Health Corp. by 91.4% in the second quarter. State Street Corp now owns 1,212,145 shares of the company’s stock valued at $70,437,000 after buying an additional 578,920 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new stake in WebMD Health Corp. during the second quarter valued at $18,126,000. Guggenheim Capital LLC increased its stake in WebMD Health Corp. by 1,316.3% in the second quarter. Guggenheim Capital LLC now owns 328,101 shares of the company’s stock valued at $19,066,000 after buying an additional 304,935 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in WebMD Health Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 2,888,471 shares of the company’s stock valued at $167,850,000 after buying an additional 273,177 shares during the last quarter. Hedge funds and other institutional investors own 84.19% 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, 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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