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Teladoc Health (NYSE:TDOC – Get Rating) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Tuesday.
A number of other equities research analysts have also recently issued reports on TDOC. Royal Bank of Canada decreased their target price on Teladoc Health from $53.00 to $35.00 in a research report on Wednesday, September 28th. DA Davidson dropped their price target on Teladoc Health from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. KeyCorp started coverage on Teladoc Health in a research report on Thursday, September 15th. They issued a “sector weight” rating for the company. Barclays dropped their target price on shares of Teladoc Health from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Finally, Cowen decreased their target price on Teladoc Health to $30.00 in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.21.
Teladoc Health Stock Down 3.0 %
Shares of TDOC traded down $0.70 during midday trading on Tuesday, reaching $22.83. 4,995,800 shares of the stock were exchanged, compared to its average volume of 5,620,191. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -0.37 and a beta of 0.94. The company has a quick ratio of 2.99, a current ratio of 3.13 and a debt-to-equity ratio of 0.25. Teladoc Health has a 12-month low of $22.76 and a 12-month high of $96.64. The firm has a 50 day simple moving average of $27.50 and a 200-day simple moving average of $31.32.
Teladoc Health (NYSE:TDOC – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The health services provider reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.14. The firm had revenue of $611.40 million for the quarter, compared to the consensus estimate of $609.45 million. Teladoc Health had a negative return on equity of 2.47% and a negative net margin of 424.40%. Research analysts forecast that Teladoc Health will post -1.4 EPS for the current year.
Insider Activity at Teladoc Health
In other news, insider Arnnon Geshuri sold 2,398 shares of Teladoc Health stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $27.35, for a total value of $65,585.30. Following the transaction, the insider now owns 74,317 shares in the company, valued at $2,032,569.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 3,925 shares of company stock valued at $105,198. Insiders own 1.55% of the company’s stock.
Hedge Funds Weigh In On Teladoc Health
Several hedge funds and other institutional investors have recently modified their holdings of TDOC. Teachers Retirement System of The State of Kentucky bought a new stake in Teladoc Health during the third quarter worth about $756,000. Captrust Financial Advisors increased its position in Teladoc Health by 200.9% during the 3rd quarter. Captrust Financial Advisors now owns 20,301 shares of the health services provider’s stock valued at $515,000 after buying an additional 13,555 shares in the last quarter. Hershey Trust Co. lifted its stake in shares of Teladoc Health by 3.7% in the third quarter. Hershey Trust Co. now owns 65,550 shares of the health services provider’s stock worth $1,662,000 after buying an additional 2,323 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in Teladoc Health by 94.3% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,030 shares of the health services provider’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Teladoc Health by 1.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 85,847 shares of the health services provider’s stock valued at $2,176,000 after acquiring an additional 1,308 shares in the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.
Teladoc Health Company Profile
Teladoc Health, Inc provides virtual healthcare services in the United States and internationally. The company offers a portfolio of services and solutions covering non-urgent, episodic, chronic, and complicated medical conditions, including diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and mental health conditions.
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