Cowen & Co. Downgrades WebMD Health Corp. to Market Perform

Brokerage firm Cowen & Co. Downgrades its rating on WebMD Health Corp.(WBMD). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Cowen & Co. was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 30, 2017, Citigroup said it Upgrades its rating on WebMD Health Corp.. The shares have been rated ‘Buy’ by the firm.

WebMD Health Corp. (WBMD) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.23% at a volume of 10,34,047. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $51.43. The peak price level was also seen at $51.43 while the days lowest was $50.89. Finally the shares closed at $51.11. The 52-week high of the shares is $67.55 while the 52-week low is $48.1. According to the latest information available, the market cap of the company is $1,929 M.

WebMD Health Corp.(WBMD) last announced its earnings results on Feb 16, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $207.472M. Analysts had an estimated revenue of $206.990M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On Dec 23, 2016, Martin J Wygod (Chairman of the Board) sold 14,321 shares at $55.00 per share price.Also, On Dec 13, 2016, Kristiina Md Vuori (director) sold 1,561 shares at $53.01 per share price.On Dec 9, 2016, Jerome C Keller (director) sold 13,888 shares at $52.86 per share price, according to the Form-4 filing with the securities and exchange commission.

WebMD Health Corp. is a provider of health information services. The Company provides its 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. The WebMD Health Network includes: www.WebMD.com its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which it provides its branded health and wellness content tools and services. It also offers WebMD Health Services to employers and health plans for use by their employees and members. The Company also offers Information Services under which it sells certain information products and services on a standalone basis.

Add Comment