WebMD Health Corp. (WBMD) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of WebMD Health Corp. (NASDAQ:WBMD) from a buy rating to a hold rating in a research report report published on Friday, May 5th.

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. “

Several other research firms have also recently weighed in on WBMD. Mizuho upped their price target on shares of WebMD Health Corp. from $52.00 to $55.00 and gave the stock a neutral rating in a report on Friday, February 17th. William Blair reaffirmed a hold rating on shares of WebMD Health Corp. in a report on Friday, March 31st. Citigroup Inc raised shares of WebMD Health Corp. from a neutral rating to a buy rating and set a $65.00 price target on the stock in a report on Monday, January 30th. They noted that the move was a valuation call. Finally, Cowen and Company cut shares of WebMD Health Corp. from an outperform rating to a market perform rating and set a $55.00 price target on the stock. in a report on Wednesday, March 15th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WebMD Health Corp. presently has an average rating of Buy and an average target price of $65.05.

WebMD Health Corp. (NASDAQ:WBMD) traded down 0.54% on Friday, reaching $55.60. The company had a trading volume of 212,526 shares. WebMD Health Corp. has a 12 month low of $48.10 and a 12 month high of $67.55. The company’s 50 day moving average price is $53.82 and its 200-day moving average price is $52.07. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 29.00 and a beta of 0.54.

WebMD Health Corp. (NASDAQ:WBMD) last posted its earnings results on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $154.06 million for the quarter, compared to the consensus estimate of $152.53 million. WebMD Health Corp. had a return on equity of 35.64% and a net margin of 11.97%. On average, equities analysts predict that WebMD Health Corp. will post $2.04 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. raised its stake in WebMD Health Corp. by 201.6% in the first quarter. Point72 Asset Management L.P. now owns 253,900 shares of the health services provider’s stock valued at $13,375,000 after buying an additional 503,900 shares during the last quarter. Janus Capital Management LLC raised its stake in WebMD Health Corp. by 15.3% in 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. Tudor Investment Corp ET AL raised its stake in WebMD Health Corp. by 5.4% in the first quarter. Tudor Investment Corp ET AL now owns 19,667 shares of the health services provider’s stock valued at $1,036,000 after buying an additional 1,013 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in WebMD Health Corp. by 1.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 60,108 shares of the health services provider’s stock valued at $3,166,000 after buying an additional 584 shares during the last quarter. Finally, Litespeed Management L.L.C. acquired a new stake in WebMD Health Corp. during the first quarter valued at about $9,482,000. Institutional investors and hedge funds own 86.66% 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.

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