Zacks Investment Research upgraded shares of WebMD Health Corp (NASDAQ:WBMD) from a hold rating to a buy rating in a research report report published on Friday. They currently have $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 WBMD. BidaskClub lowered WebMD Health Corp from a sell rating to a strong sell rating in a research report on Thursday. 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 increased their price objective for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Citigroup Inc. lowered WebMD Health Corp from a buy rating to a neutral rating and increased their price objective for the stock from $62.00 to $66.50 in a research report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. reiterated a market perform rating and issued a $66.50 price objective on shares of WebMD Health Corp in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $65.25.

Shares of WebMD Health Corp (NASDAQ WBMD) opened at 66.32 on Friday. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.45. The company has a market cap of $2.42 billion, a P/E ratio of 33.96 and a beta of 0.78. The company has a 50-day moving average price of $63.19 and a 200-day moving average price of $56.60.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in WebMD Health Corp by 2.4% in the second quarter. Advisory Services Network LLC now owns 6,515 shares of the health services provider’s stock worth $382,000 after buying an additional 150 shares during the period. Public Employees Retirement System of Ohio boosted its position in 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. Koch Industries Inc. boosted its position in WebMD Health Corp by 11,780.9% in the second quarter. Koch Industries Inc. now owns 866,475 shares of the health services provider’s stock worth $852,000 after buying an additional 859,182 shares during the period. California State Teachers Retirement System boosted its position in WebMD Health Corp by 34.7% in the second quarter. California State Teachers Retirement System now owns 124,361 shares of the health services provider’s stock worth $7,294,000 after buying an additional 32,056 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in WebMD Health Corp by 16.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,522 shares of the health services provider’s stock worth $383,000 after buying an additional 938 shares during the period. Institutional investors own 91.10% 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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