WebMD Health Corp. (WBMD) Stock Price Down 9.5%
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 9.5% during trading on Tuesday . The company traded as low as $52.92 and last traded at $53.80, with a volume of 2,958,659 shares changing hands. The stock had previously closed at $59.44.
A number of analysts have recently commented on the company. Leerink Swann restated an “outperform” rating and issued a $70.00 price objective (up from $63.00) on shares of WebMD Health Corp. in a research report on Thursday, May 5th. Vetr upgraded WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $68.50 price target for the company in a research report on Monday, May 30th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $62.00 price target on shares of WebMD Health Corp. in a research report on Thursday. KeyCorp reiterated a “buy” rating and set a $74.00 price target on shares of WebMD Health Corp. in a research report on Sunday, May 22nd. Finally, Zacks Investment Research cut WebMD Health Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. WebMD Health Corp. currently has an average rating of “Buy” and an average target price of $65.38.
The firm has a market cap of $2.05 billion and a price-to-earnings ratio of 33.28. The company’s 50-day moving average is $59.68 and its 200 day moving average is $59.40.
WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $165.46 million. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts expect that WebMD Health Corp. will post $1.83 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of WBMD. California Public Employees Retirement System boosted its position in shares of WebMD Health Corp. by 2.4% in the fourth quarter. California Public Employees Retirement System now owns 115,156 shares of the company’s stock valued at $5,562,000 after buying an additional 2,700 shares in the last quarter. Marshall Wace LLP increased its position in WebMD Health Corp. by 579.7% in the fourth quarter. Marshall Wace LLP now owns 334,978 shares of the company’s stock valued at $16,179,000 after buying an additional 285,692 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in WebMD Health Corp. by 4.1% in the fourth quarter. New York State Common Retirement Fund now owns 35,900 shares of the company’s stock valued at $1,734,000 after buying an additional 1,400 shares during the last quarter.
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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