A Director at WebMD Health (NASDAQ: WBMD) is Selling Shares

By Carrie Williams

Today, a Director at WebMD Health (NASDAQ: WBMD), Joseph E. Smith, sold shares of WBMD for $1.07M.

In addition to Joseph E. Smith, 20 other WBMD executives reported Sell trades in the last month.

Based on WebMD Health’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $171 million and quarterly net profit of $21.62 million. In comparison, last year the company earned revenue of $153 million and had a net profit of $13.19 million. The company has a one year high of $67.55 and a one year low of $45.46. WBMD’s market cap is $2.03B and the company has a P/E ratio of 29.31.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $63.50, reflecting a -17.0% downside. Five different firms, including Citigroup and Goldman Sachs, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $29.92M worth of WBMD shares and purchased $466.3K worth of WBMD shares. The insider sentiment on WebMD Health has been negative according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Joseph E. Smith’s trades have generated a 2.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

WebMD Health Corp. provides health information 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. Its online healthcare information, decision-support applications and communications services enable consumers to obtain detailed information on a particular disease or condition, to locate physicians, to store individual healthcare information, to assess their personal health status, to receive periodic e-newsletters and alerts on topics of individual interest, and to participate in online communities with peers and experts. The company also enables physicians and other healthcare professionals to access clinical reference sources, to stay abreast of the latest clinical information, to learn about new treatment options, to earn continuing medical education and continuing education credit and to communicate with peers. It enables employers and health plans to provide their employees and plan members with access to personalized health and benefit information and decision-support technology that helps them make more informed benefit, provider and treatment choices. The company’s services include WebMD consumer network, WebMD professional network, WebMD private portal and WebMD magazine. WebMD Health was founded on May 3, 2005 and is headquartered in New York, NY.