Citigroup Initiates Coverage on WebMD Health Corp. to Neutral

Citigroup Initiates Coverage on WebMD Health Corp.(NASDAQ:WBMD). The shares have been rated Neutral. The rating by Citigroup was issued on Apr 11, 2016.

In a different note, On Mar 10, 2016, Leerink Swann said it Maintains its rating on WebMD Health Corp.. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Outperform’ by the firm.

WebMD Health Corp. (WBMD) shares turned negative on Fridays trading session with the shares closing down -0.14 points or -0.23% at a volume of 4,80,312. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $61.355. The peak price level was also seen at $61.355 while the days lowest was $60.81. Finally the shares closed at $61.27. The 52-week high of the shares is $63.14 while the 52-week low is $37.57. According to the latest information available, the market cap of the company is $2,329 M.

WebMD Health Corp.(WBMD) last announced its earnings results on Feb 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $192.13M. Analysts had an estimated revenue of $189.93M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2015, Stanley S Jr Trotman (director) sold 7,925 shares at $42.79 per share price.Also, On Aug 11, 2015, Jerome C Keller (director) sold 33,000 shares at $43.44 per share price.

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: its primary public portal for consumers and related mobile-optimized sites and mobile apps; 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.

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