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

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

WebMD Health Corp (WBMD) opened at 66.28 on Wednesday. The firm has a market capitalization of $2.42 billion, a PE ratio of 33.94 and a beta of 0.78. The stock’s 50 day moving average price is $62.24 and its 200 day moving average price is $56.02. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.45.

ILLEGAL ACTIVITY WARNING: “WebMD Health Corp (WBMD) Lowered to Hold at Zacks Investment Research” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/20/webmd-health-corp-wbmd-lowered-to-hold-at-zacks-investment-research.html.

A number of institutional investors have recently added to or reduced their stakes in WBMD. HPM Partners LLC increased its position in WebMD Health Corp by 0.3% in the second quarter. HPM Partners LLC now owns 4,454 shares of the health services provider’s stock worth $261,000 after buying an additional 13 shares during the period. Alps Advisors Inc. increased its position in WebMD Health Corp by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,096 shares of the health services provider’s stock worth $533,000 after buying an additional 24 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in WebMD Health Corp by 0.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,512 shares of the health services provider’s stock worth $290,000 after buying an additional 36 shares during the period. Renaissance Group LLC increased its position in WebMD Health Corp by 1.1% in the second quarter. Renaissance Group LLC now owns 6,365 shares of the health services provider’s stock worth $373,000 after buying an additional 68 shares during the period. Finally, Meeder Asset Management Inc. increased its position in WebMD Health Corp by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 16,524 shares of the health services provider’s stock worth $970,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 89.87% 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.

Get a free copy of the Zacks research report on WebMD Health Corp (WBMD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for WebMD Health Corp (NASDAQ:WBMD)

Receive News & Stock Ratings for WebMD Health Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WebMD Health Corp and related stocks with our FREE daily email newsletter.