Traders bought shares of WebMD Health Corp. (NASDAQ:WBMD) on weakness during trading on Monday following insider selling activity. $17.92 million flowed into the stock on the tick-up and $1.64 million flowed out of the stock on the tick-down, for a money net flow of $16.28 million into the stock. Of all equities tracked, WebMD Health Corp. had the 13th highest net in-flow for the day. WebMD Health Corp. traded down ($0.11) for the day and closed at $53.70Specifically, VP Douglas W. Wamsley sold 27,953 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $53.79, for a total value of $1,503,591.87. Following the transaction, the vice president now directly owns 44,072 shares of the company’s stock, valued at $2,370,632.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Martin J. Wygod sold 89,843 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $53.94, for a total value of $4,846,131.42. Following the completion of the transaction, the chairman now directly owns 156,591 shares in the company, valued at $8,446,518.54. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.
WBMD has been the topic of several recent analyst reports. Leerink Swann reissued a “buy” rating and issued a $70.00 price target on shares of WebMD Health Corp. in a research note on Tuesday, August 9th. Citigroup Inc. boosted their price target on WebMD Health Corp. from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Mizuho reissued a “buy” rating and issued a $68.00 price target on shares of WebMD Health Corp. in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $62.00 price target on shares of WebMD Health Corp. in a research note on Thursday, August 11th. Finally, KeyCorp dropped their price target on WebMD Health Corp. from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. WebMD Health Corp. presently has a consensus rating of “Buy” and an average target price of $64.29.
The stock has a 50 day moving average of $51.71 and a 200 day moving average of $56.20. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 29.93 and a beta of 0.34.
WebMD Health Corp. (NASDAQ:WBMD) last posted its earnings results on Tuesday, November 1st. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. The business earned $171.40 million during the quarter, compared to analyst estimates of $169.96 million. WebMD Health Corp. had a return on equity of 35.64% and a net margin of 11.97%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Analysts forecast that WebMD Health Corp. will post $1.91 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC acquired a new stake in WebMD Health Corp. during the second quarter worth approximately $134,000. Copper Rock Capital Partners LLC purchased a new stake in shares of WebMD Health Corp. during the second quarter valued at approximately $18,126,000. Capital One National Association raised its stake in shares of WebMD Health Corp. by 67.1% in the second quarter. Capital One National Association now owns 42,453 shares of the company’s stock valued at $2,467,000 after buying an additional 17,049 shares during the last quarter. Telemus Capital LLC purchased a new stake in shares of WebMD Health Corp. during the second quarter valued at approximately $639,000. Finally, Eagle Asset Management Inc. raised its stake in shares of WebMD Health Corp. by 2.7% in the second quarter. Eagle Asset Management Inc. now owns 920,023 shares of the company’s stock valued at $53,462,000 after buying an additional 24,490 shares during the last quarter. 84.55% of the stock is owned by institutional investors and hedge funds.