WebMD Health Corp (NASDAQ:WBMD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $74.00 price target on the health services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.33% from the stock’s current price.

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. “

WBMD has been the subject of several other reports. Raymond James Financial, Inc. restated a “market perform” rating and set a $66.50 target price on shares of WebMD Health Corp in a research note on Tuesday, July 25th. KeyCorp downgraded WebMD Health Corp to an “overweight” rating in a research note on Wednesday, August 2nd. Leerink Swann downgraded WebMD Health Corp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. BidaskClub upgraded WebMD Health Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, SunTrust Banks, Inc. downgraded WebMD Health Corp from a “buy” rating to a “hold” rating and raised their target price for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. WebMD Health Corp currently has an average rating of “Hold” and a consensus target price of $65.25.

WebMD Health Corp (NASDAQ:WBMD) opened at 66.47 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 34.03 and a beta of 0.79. The stock’s 50 day moving average price is $66.35 and its 200 day moving average price is $58.01. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.57.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Harbour Group L.P. raised its holdings in shares of WebMD Health Corp by 87.2% during the first quarter. Blue Harbour Group L.P. now owns 3,361,336 shares of the health services provider’s stock valued at $177,075,000 after buying an additional 1,565,422 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of WebMD Health Corp by 4.2% during the second quarter. Vanguard Group Inc. now owns 3,066,382 shares of the health services provider’s stock valued at $179,843,000 after buying an additional 123,295 shares during the last quarter. State Street Corp raised its holdings in shares of WebMD Health Corp by 4.0% during the second quarter. State Street Corp now owns 1,238,715 shares of the health services provider’s stock valued at $72,653,000 after buying an additional 47,603 shares during the last quarter. Janus Capital Management LLC raised its holdings in shares of WebMD Health Corp by 15.3% during the first quarter. Janus Capital Management LLC now owns 1,195,632 shares of the health services provider’s stock valued at $62,986,000 after buying an additional 158,534 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of WebMD Health Corp by 1.5% during the second quarter. Eagle Asset Management Inc. now owns 1,116,210 shares of the health services provider’s stock valued at $65,465,000 after buying an additional 16,877 shares during the last quarter. 91.10% of the stock is currently owned by institutional investors.

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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