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

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

Shares of WebMD Health Corp (NASDAQ WBMD) opened at 66.48 on Wednesday. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.57. The stock has a market cap of $2.43 billion, a PE ratio of 34.04 and a beta of 0.79. The stock’s 50 day moving average is $66.35 and its 200-day moving average is $58.11.

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A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its position in WebMD Health Corp by 2.4% during the 2nd quarter. Advisory Services Network LLC now owns 6,515 shares of the health services provider’s stock worth $382,000 after purchasing an additional 150 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in WebMD Health Corp by 11.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,959 shares of the health services provider’s stock worth $115,000 after purchasing an additional 196 shares during the last quarter. Koch Industries Inc. grew its position in WebMD Health Corp by 11,780.9% during the 2nd quarter. Koch Industries Inc. now owns 866,475 shares of the health services provider’s stock worth $852,000 after purchasing an additional 859,182 shares during the last quarter. California State Teachers Retirement System grew its position in WebMD Health Corp by 34.7% during the 2nd quarter. California State Teachers Retirement System now owns 124,361 shares of the health services provider’s stock worth $7,294,000 after purchasing an additional 32,056 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in WebMD Health Corp by 16.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,522 shares of the health services provider’s stock worth $383,000 after purchasing an additional 938 shares during the last quarter. 91.10% of the stock is currently owned by 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 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.

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