Zacks Investment Research lowered shares of WebMD Health Corp (NASDAQ:WBMD) from a buy rating to a hold rating in a research report released on Wednesday.

According to Zacks, “WebMD announced today that is has signed an agreement to acquire Conceptis Technologies Inc., a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. Conceptis has been successful in developing a strong online presence in the cardiology community and is highly respected for the depth and breadth of content contained on its flagship. With the combination of two of the leading cardiology channels on the Internet, Medscape Cardiology and www.theheart.org, WebMD is well positioned to further its lead and penetration in this high value segment of medical marketing. “

Other research analysts have also recently issued reports about the stock. SunTrust Banks, Inc. cut shares of WebMD Health Corp from a buy rating to a hold rating and increased their price target for the company from $60.00 to $66.50 in a report on Tuesday, July 25th. Raymond James Financial, Inc. reaffirmed a market perform rating and set a $66.50 target price on shares of WebMD Health Corp in a report on Tuesday, July 25th. Leerink Swann cut shares of WebMD Health Corp from an outperform rating to a market perform rating and raised their target price for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. Citigroup Inc. cut shares of WebMD Health Corp from a buy rating to a neutral rating and raised their target price for the stock from $62.00 to $66.50 in a report on Wednesday, July 26th. Finally, KeyCorp cut shares of WebMD Health Corp to an overweight rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. WebMD Health Corp presently has a consensus rating of Hold and an average price target of $65.25.

WebMD Health Corp (NASDAQ:WBMD) traded down 0.008% during trading on Wednesday, hitting $66.435. The stock had a trading volume of 112,585 shares. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 34.017 and a beta of 0.79. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.57. The stock has a 50 day moving average price of $65.37 and a 200 day moving average price of $57.46.

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Several hedge funds and other institutional investors have recently bought and sold shares of WBMD. Teachers Advisors LLC boosted its position in shares of WebMD Health Corp by 2.2% during the 4th quarter. Teachers Advisors LLC now owns 61,471 shares of the health services provider’s stock worth $3,047,000 after acquiring an additional 1,296 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of WebMD Health Corp by 1.6% during the 1st quarter. Capstone Asset Management Co. now owns 8,961 shares of the health services provider’s stock worth $472,000 after acquiring an additional 140 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of WebMD Health Corp by 2.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the health services provider’s stock worth $500,000 after acquiring an additional 260 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of WebMD Health Corp by 10.0% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,464 shares of the health services provider’s stock worth $130,000 after acquiring an additional 224 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of WebMD Health Corp by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,522 shares of the health services provider’s stock worth $712,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

WebMD Health Corp Company Profile

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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