WebMD Health Corp. (WBMD) is Initiated by Citigroup to Neutral

WebMD Health Corp. (WBMD) was Initiated by Citigroup to “Neutral”. Citigroup advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on WebMD Health Corp.. WebMD Health Corp. was Initiated by Citigroup to “Neutral” on Apr 12, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .

On the company’s financial health, WebMD Health Corp. reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.57. The company had revenue of $192.10 million for the quarter, compared to analysts expectations of $189.93 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

WebMD Health Corp. closed down -0.99 points or -1.59% at $61.19 with 4,06,258 shares getting traded on Monday. Post opening the session at $62.37, the shares hit an intraday low of $61.15 and an intraday high of $62.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 18, 2015, Stanley S Jr Trotman (director) sold 7,925 shares at $42.79 per share price. According to the SEC, 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: 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.

WebMD Health Corp.

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