Zacks Investment Research lowered shares of WebMD Health Corp (NASDAQ:WBMD) from a buy rating to a hold rating in a research report sent to investors on Thursday.

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. “

A number of other equities analysts have also recently issued reports on WBMD. BidaskClub upgraded shares of WebMD Health Corp from a strong sell rating to a sell rating in a research note on Friday, June 23rd. SunTrust Banks, Inc. cut shares of WebMD Health Corp from a buy rating to a hold rating and increased their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. Leerink Swann cut shares of WebMD Health Corp from an outperform rating to a market perform rating and increased their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. Raymond James Financial, Inc. restated a market perform rating and issued a $66.50 price objective on shares of WebMD Health Corp in a research note on Tuesday, July 25th. Finally, Citigroup Inc. cut shares of WebMD Health Corp from a buy rating to a neutral rating and increased their price objective for the company from $62.00 to $66.50 in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. WebMD Health Corp currently has an average rating of Hold and a consensus target price of $65.25.

WebMD Health Corp (WBMD) remained flat at $66.32 during trading on Thursday. 521,178 shares of the company’s stock were exchanged. The company has a market cap of $2.42 billion, a P/E ratio of 33.96 and a beta of 0.78. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.45. The firm has a 50-day moving average of $62.97 and a 200 day moving average of $56.49.

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Several large investors have recently made changes to their positions in WBMD. Meadow Creek Investment Management LLC boosted its stake in shares of WebMD Health Corp by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,936 shares of the health services provider’s stock worth $102,000 after buying an additional 176 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of WebMD Health Corp by 11.1% in the second quarter. Public Employees Retirement System of Ohio now owns 1,959 shares of the health services provider’s stock worth $115,000 after buying an additional 196 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of WebMD Health Corp by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 2,464 shares of the health services provider’s stock worth $130,000 after buying an additional 224 shares during the period. Asset Management One Co. Ltd. purchased a new stake in shares of WebMD Health Corp during the first quarter worth about $148,000. Finally, Elkfork Partners LLC boosted its stake in shares of WebMD Health Corp by 10.0% in the first quarter. Elkfork Partners LLC now owns 2,992 shares of the health services provider’s stock worth $158,000 after buying an additional 272 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.

Analyst Recommendations for WebMD Health Corp (NASDAQ:WBMD)

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