WebMD Health Corp. (WBMD) Downgraded to “Market Perform” at Cowen and Company
Cowen and Company lowered shares of WebMD Health Corp. (NASDAQ:WBMD) from an outperform rating to a market perform rating in a report released on Wednesday. The firm currently has $55.00 price target on the stock.
A number of other equities research analysts have also issued reports on the stock. Mizuho lifted their target price on shares of WebMD Health Corp. from $52.00 to $55.00 and gave the company a neutral rating in a research note on Friday, February 17th. Zacks Investment Research raised shares of WebMD Health Corp. from a sell rating to a hold rating in a research note on Thursday, February 23rd. Raymond James Financial, Inc. lowered shares of WebMD Health Corp. from a strong-buy rating to an outperform rating and set a $60.00 target price for the company. in a research note on Monday, December 12th. Citigroup Inc raised shares of WebMD Health Corp. from a neutral rating to a buy rating and set a $65.00 price objective for the company in a research note on Monday, January 30th. They noted that the move was a valuation call. Finally, Pacific Crest reaffirmed a buy rating and issued a $72.00 price objective on shares of WebMD Health Corp. in a research note on Sunday, December 4th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $65.79.
WebMD Health Corp. (NASDAQ:WBMD) opened at 51.25 on Wednesday. The company has a 50 day moving average of $51.35 and a 200 day moving average of $51.35. WebMD Health Corp. has a 52-week low of $48.10 and a 52-week high of $67.55. The company has a market capitalization of $1.84 billion, a PE ratio of 26.07 and a beta of 0.54.
WebMD Health Corp. (NASDAQ:WBMD) last issued its earnings results on Thursday, February 16th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The company earned $207.47 million during the quarter, compared to analyst estimates of $206.99 million. WebMD Health Corp. had a net margin of 11.97% and a return on equity of 35.64%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, equities research analysts forecast that WebMD Health Corp. will post $2.01 earnings per share for the current fiscal year.
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In related news, Chairman Martin J. Wygod sold 14,321 shares of WebMD Health Corp. stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $55.00, for a total value of $787,655.00. Following the completion of the sale, the chairman now owns 134,637 shares of the company’s stock, valued at approximately $7,405,035. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.10% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in WebMD Health Corp. by 65,992.1% in the third quarter. Victory Capital Management Inc. now owns 888,278 shares of the company’s stock valued at $44,147,000 after buying an additional 886,934 shares during the last quarter. Hillhouse Capital Management Ltd. acquired a new stake in WebMD Health Corp. during the third quarter valued at about $22,560,000. Two Sigma Investments LP raised its stake in WebMD Health Corp. by 619.7% in the fourth quarter. Two Sigma Investments LP now owns 507,708 shares of the company’s stock valued at $25,167,000 after buying an additional 437,159 shares during the last quarter. Norges Bank acquired a new stake in WebMD Health Corp. during the fourth quarter valued at about $13,284,000. Finally, Gotham Asset Management LLC raised its stake in WebMD Health Corp. by 1,775.3% in the third quarter. Gotham Asset Management LLC now owns 243,768 shares of the company’s stock valued at $12,115,000 after buying an additional 230,769 shares during the last quarter. 86.66% of the stock is owned by institutional investors and hedge funds.
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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