WebMD Health Corp. (WBMD) Given Buy Rating at Mizuho
Mizuho reiterated their buy rating on shares of WebMD Health Corp. (NASDAQ:WBMD) in a research note issued to investors on Monday morning. They currently have a $63.00 target price on the stock, down from their prior target price of $68.00.
Several other equities analysts have also commented on the stock. Citigroup Inc. increased their price target on shares of WebMD Health Corp. from $62.00 to $64.00 and gave the company a neutral rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a $62.00 price target on shares of WebMD Health Corp. in a research note on Thursday, August 11th. Leerink Swann reiterated a buy rating and issued a $70.00 price target on shares of WebMD Health Corp. in a research note on Tuesday, August 9th. Royal Bank Of Canada reiterated an outperform rating and issued a $75.00 price target on shares of WebMD Health Corp. in a research note on Wednesday, June 22nd. Finally, William Blair lowered 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. WebMD Health Corp. has a consensus rating of Buy and an average price target of $64.79.
WebMD Health Corp. (NASDAQ:WBMD) opened at 48.89 on Monday. WebMD Health Corp. has a 12-month low of $37.57 and a 12-month high of $67.55. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 30.10 and a beta of 0.70. The stock’s 50 day moving average is $53.50 and its 200 day moving average is $59.40.
WebMD Health Corp. (NASDAQ:WBMD) last released its earnings results 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 firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $165.46 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that WebMD Health Corp. will post $1.82 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of WebMD Health Corp. during the first quarter valued at $115,000. LS Investment Advisors LLC bought a new stake in shares of WebMD Health Corp. during the second quarter valued at $134,000. BlackRock Inc. increased its stake 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 in the last quarter. Parametrica Management Ltd bought a new stake in shares of WebMD Health Corp. during the first quarter valued at $203,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock valued at $207,000 after buying an additional 3,521 shares in the last quarter. 84.83% of the stock is owned by hedge funds and other institutional investors.
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, 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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