WebMD Health Corp. (NASDAQ:WBMD) major shareholder Kensico Capital Management Cor sold 572,301 shares of WebMD Health Corp. stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $34.00, for a total value of $19,458,234.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on WBMD. Analysts at Zacks upgraded shares of WebMD Health Corp. (NASDAQ:WBMD) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, September 11th. They now have a $36.40 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of WebMD Health Corp. (NASDAQ:WBMD) from $36.00 to $39.00 in a research note to investors on Tuesday, August 6th. They now have a “strong-buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of WebMD Health Corp. (NASDAQ:WBMD) in a research note to investors on Thursday, August 1st. They now have a $40.00 price target on the stock, up previously from $35.00.
One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.08.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 0.23% during mid-day trading on Thursday, hitting $30.739. 135,927 shares of the company’s stock traded hands. WebMD Health Corp. has a one year low of $13.13 and a one year high of $35.28. The stock’s 50-day moving average is $32.32 and its 200-day moving average is $28.29. The company’s market cap is $1.524 billion.
WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $125.30 million for the quarter, compared to the consensus estimate of $124.43 million. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that WebMD Health Corp. will post $0.23 earnings per share for the current fiscal year.
WebMD Health Corp. is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications.
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