Zacks Investment Research upgraded shares of WebMD Health Corp (NASDAQ:WBMD) from a hold rating to a buy rating in a report released on Friday. Zacks Investment Research currently has $74.00 price target 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. “

Several other research analysts have also weighed in on the company. BidaskClub lowered WebMD Health Corp from a sell rating to a strong sell rating in a research report on Thursday, August 24th. KeyCorp lowered WebMD Health Corp to an overweight rating in a research report on Wednesday, August 2nd. Citigroup Inc. lowered 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. Raymond James Financial, Inc. lowered WebMD Health Corp from an outperform rating to a mkt perform rating in a research report on Wednesday, July 26th. Finally, Leerink Swann lowered 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. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $65.25.

Shares of WebMD Health Corp (NASDAQ WBMD) opened at 66.47 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 34.03 and a beta of 0.79. The firm has a 50-day moving average price of $64.49 and a 200 day moving average price of $57.15. WebMD Health Corp has a one year low of $48.10 and a one year high of $66.57.

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A number of large investors have recently added to or reduced their stakes in WBMD. Teachers Advisors LLC raised its position in WebMD Health Corp by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 61,471 shares of the health services provider’s stock valued at $3,047,000 after purchasing an additional 1,296 shares during the period. Capstone Asset Management Co. raised its position in WebMD Health Corp by 1.6% in the first quarter. Capstone Asset Management Co. now owns 8,961 shares of the health services provider’s stock valued at $472,000 after purchasing an additional 140 shares during the period. Louisiana State Employees Retirement System raised its position in WebMD Health Corp by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the health services provider’s stock valued at $500,000 after purchasing an additional 260 shares during the period. Glen Harbor Capital Management LLC raised its position in 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 valued at $130,000 after purchasing an additional 224 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in WebMD Health Corp by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,522 shares of the health services provider’s stock valued at $712,000 after purchasing an additional 200 shares during the period. 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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