Citigroup Inc. downgraded shares of WebMD Health Corp (NASDAQ:WBMD) from a buy rating to a neutral rating in a research report released on Wednesday. They currently have $66.50 price target on the health services provider’s stock, up from their previous price target of $62.00.

Several other research firms have also recently issued reports on WBMD. Raymond James Financial, Inc. cut WebMD Health Corp from an outperform rating to a mkt perform rating in a research report on Wednesday. Leerink Swann cut WebMD Health Corp from an outperform rating to a market perform rating and increased their target price for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. SunTrust Banks, Inc. cut WebMD Health Corp from a buy rating to a hold rating and increased their target price for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. BidaskClub upgraded WebMD Health Corp from a strong sell rating to a sell rating in a research report on Friday, June 23rd. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $64.40.

WebMD Health Corp (NASDAQ:WBMD) opened at 66.18 on Wednesday. The stock’s 50 day moving average price is $58.98 and its 200 day moving average price is $54.32. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 34.52 and a beta of 0.74. WebMD Health Corp has a one year low of $48.10 and a one year high of $66.34.

WebMD Health Corp (NASDAQ:WBMD) last released its earnings results on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. WebMD Health Corp had a return on equity of 26.73% and a net margin of 12.56%. The firm had revenue of $154.06 million during the quarter, compared to analysts’ expectations of $152.53 million. Equities analysts predict that WebMD Health Corp will post $2.05 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC boosted 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 valued at $102,000 after buying an additional 176 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in 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 valued at $119,000 after buying an additional 93 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in 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 valued at $130,000 after buying an additional 224 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in WebMD Health Corp during the first quarter valued at $148,000. Finally, Elkfork Partners LLC boosted its position in WebMD Health Corp by 10.0% in the first quarter. Elkfork Partners LLC now owns 2,992 shares of the health services provider’s stock valued at $158,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 91.99% 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.

Analyst Recommendations for WebMD Health Corp (NASDAQ:WBMD)

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