WebMD Health Corp (WBMD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of WebMD Health Corp (NASDAQ:WBMD) from a hold rating to a buy rating in a report published on Thursday morning. Zacks Investment Research currently has $74.00 target price on the health services provider’s stock.

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. Leerink Swann cut WebMD Health Corp from an outperform rating to a market perform rating and increased their target price for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. SunTrust Banks, Inc. cut WebMD Health Corp from a buy rating to a hold rating and increased their target price for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Raymond James Financial, Inc. reiterated a market perform rating and set a $66.50 target price on shares of WebMD Health Corp in a research report on Tuesday, July 25th. BidaskClub upgraded WebMD Health Corp from a strong sell rating to a sell rating in a research report on Friday, June 23rd. Finally, Citigroup Inc. cut WebMD Health Corp from a buy rating to a neutral rating and increased their target price for the stock from $62.00 to $66.50 in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $65.25.

Shares of WebMD Health Corp (NASDAQ WBMD) opened at 66.44 on Thursday. WebMD Health Corp has a 12 month low of $48.10 and a 12 month high of $66.57. The company has a market cap of $2.43 billion, a P/E ratio of 34.02 and a beta of 0.79. The stock’s 50 day moving average price is $65.99 and its 200-day moving average price is $57.59.

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A number of institutional investors have recently made changes to their positions in the stock. HPM Partners LLC boosted its stake in WebMD Health Corp by 0.3% during the second quarter. HPM Partners LLC now owns 4,454 shares of the health services provider’s stock valued at $261,000 after buying an additional 13 shares during the last quarter. Alps Advisors Inc. boosted its stake in WebMD Health Corp by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,096 shares of the health services provider’s stock valued at $533,000 after buying an additional 24 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in WebMD Health Corp by 0.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,512 shares of the health services provider’s stock valued at $290,000 after buying an additional 36 shares during the last quarter. Renaissance Group LLC boosted its stake in WebMD Health Corp by 1.1% during the second quarter. Renaissance Group LLC now owns 6,365 shares of the health services provider’s stock valued at $373,000 after buying an additional 68 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in WebMD Health Corp by 0.5% during the second quarter. Meeder Asset Management Inc. now owns 16,524 shares of the health services provider’s stock valued at $970,000 after buying an additional 89 shares during the last quarter. 91.10% of the stock is 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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