If we were to look at some of the NASDAQ’s most successful stocks over the past 52 weeks, WebMD Health Corp. (NASDAQ:WBMD) would stand near the top of that list. The health corporation known for their web presence, just can’t seem to do anything wrong as of late.
Today the stock set yet another 52-week high as it again is up big on the day, even though it was just downgraded by analyst Stifel. Volume today is also quite high, standing at about three times its 3-month average. It should be interesting to see if WebMD Health Corp. (NASDAQ:WBMD) can continue this upward movement for the rest of 2016.
The stock is up 5.99% or $3 following the news, hitting $53.12 per share. About 1.06M shares traded hands or up 114.28% from the average. WBMD has risen 8.37% since June 4, 2015 and is currently uptrending. It has outperformed the S&P500 by 14.22%.
From a total of 6 analysts covering WebMD Health (NASDAQ:WBMD) stock, 5 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 83% of the ratings are positive. The highest target price is $55 while the lowest target price is $53. The mean of all analyst targets is $54.67 which is 2.92% above today’s ($53.12) stock price. WebMD Health was the topic of 8 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus downgraded shares on January 7 to a “Hold” rating. RBC Capital Markets downgraded WBMD stock in a recent report from December 8 to a “Outperform” rating.
The institutional sentiment decreased to 1.27 in Q2 2015. It’s down 0.07, from 1.34 in 2015Q2. The ratio fall, as 27 funds sold all their WebMD Health Corp. shares they owned while 39 reduced their positions. 30 funds bought stakes while 54 increased their total positions. Institutions now own 24.99 million shares which is 9.28% less than the previous share count of 27.55 million in 2015Q2.
Freshford Capital Management Llc holds 16.31% of its total portfolio in WebMD Health Corp., equating to 1.90 million shares. Shannon River Fund Management Llc owns 1.35 million shares representing 9.99% of their total US portfolio. Moreover, Destrier Capital Management Llc has 4.58% of their total portfolio invested in the company, equating to 391,000 shares. The Connecticut-based Kensico Capital Management Corp has a total of 4.29% of their portfolio invested in the stock. Glenhill Advisors Llc, a New York-based fund reported 900,815 shares owned.
Since August 11, 2015, the stock had 0 insider buys, and 2 sales for a total of $1.77 million in net activity. Trotman Stanley S Jr sold 7,925 shares worth $339,335. Keller Jerome C sold 33,000 shares worth $1.43 million.
WebMD Health Corp. is a provider of health information services. The company has a market cap of $1.92 billion. The Firm 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. It has 44.93 P/E ratio. The WebMD Health Network includes: www.WebMD.com, its primary public portal for clients 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.