WebMD Health Corp. (NASDAQ:WBMD) has been given a consensus recommendation of “Buy” by the thirteen research firms that are currently covering the firm. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $65.96.

Several equities analysts have commented on WBMD shares. Vetr raised shares of WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $68.50 target price on the stock in a research note on Monday, May 30th. Zacks Investment Research cut shares of WebMD Health Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Mizuho reissued a “buy” rating and set a $68.00 target price on shares of WebMD Health Corp. in a research note on Wednesday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 target price on shares of WebMD Health Corp. in a research note on Wednesday, June 22nd. Finally, William Blair cut shares of WebMD Health Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, June 3rd. They noted that the move was a valuation call.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of WebMD Health Corp. by 1.4% in the first quarter. State Street Corp now owns 633,225 shares of the company’s stock valued at $39,659,000 after buying an additional 8,677 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of WebMD Health Corp. by 23.0% in the first quarter. Renaissance Technologies LLC now owns 855,900 shares of the company’s stock valued at $53,605,000 after buying an additional 159,920 shares during the last quarter. BlackRock Inc. boosted its position in shares of WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock valued at $156,000 after buying an additional 1,413 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of WebMD Health Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 935,740 shares of the company’s stock valued at $58,605,000 after buying an additional 2,625 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of WebMD Health Corp. during the fourth quarter valued at approximately $11,992,000. Institutional investors own 84.83% of the company’s stock.

WebMD Health Corp. (NASDAQ:WBMD) traded down 0.41% during midday trading on Tuesday, reaching $48.82. 439,847 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $53.50 and its 200-day moving average price is $59.40. WebMD Health Corp. has a 1-year low of $37.57 and a 1-year high of $67.55. The company has a market capitalization of $1.83 billion, a PE ratio of 30.06 and a beta of 0.70.

WebMD Health Corp. (NASDAQ:WBMD) last released its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $165.46 million. During the same quarter last year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts expect that WebMD Health Corp. will post $1.82 EPS for the current year.

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.

5 Day Chart for NASDAQ:WBMD

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