Teladoc Health, Inc. (NYSE:TDOC) Director Sells $117,024.60 in Stock

Teladoc Health, Inc. (NYSE:TDOCGet Free Report) Director Karen L. Daniel sold 9,834 shares of Teladoc Health stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $11.90, for a total transaction of $117,024.60. Following the completion of the transaction, the director now directly owns 36,995 shares of the company’s stock, valued at approximately $440,240.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Teladoc Health Stock Up 0.3 %

Shares of NYSE TDOC opened at $11.48 on Monday. Teladoc Health, Inc. has a 1 year low of $11.32 and a 1 year high of $30.41. The company has a quick ratio of 3.74, a current ratio of 3.82 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $17.01.

Teladoc Health (NYSE:TDOCGet Free Report) last released its earnings results on Thursday, April 25th. The health services provider reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.02). Teladoc Health had a negative return on equity of 10.13% and a negative net margin of 8.90%. The firm had revenue of $646.13 million for the quarter, compared to analyst estimates of $637.31 million. During the same period in the previous year, the firm earned ($0.37) earnings per share. Teladoc Health’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Teladoc Health, Inc. will post -1.05 earnings per share for the current fiscal year.

Institutional Trading of Teladoc Health

A number of large investors have recently added to or reduced their stakes in TDOC. ICA Group Wealth Management LLC acquired a new stake in shares of Teladoc Health during the 4th quarter valued at $28,000. Hexagon Capital Partners LLC lifted its holdings in shares of Teladoc Health by 204.4% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,586 shares of the health services provider’s stock valued at $34,000 after purchasing an additional 1,065 shares during the last quarter. RIA Advisory Group LLC purchased a new position in Teladoc Health in the 4th quarter worth about $36,000. GAMMA Investing LLC acquired a new stake in Teladoc Health during the 4th quarter worth about $41,000. Finally, Principal Securities Inc. purchased a new stake in Teladoc Health during the fourth quarter valued at about $45,000. 76.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDOC. Bank of America lowered their price objective on shares of Teladoc Health from $16.50 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Canaccord Genuity Group dropped their price target on Teladoc Health from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Truist Financial lowered their price objective on Teladoc Health from $23.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. DA Davidson cut their target price on Teladoc Health from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Finally, TD Cowen lowered their price target on shares of Teladoc Health from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Teladoc Health currently has an average rating of “Hold” and an average target price of $18.22.

Check Out Our Latest Report on Teladoc Health

Teladoc Health Company Profile

(Get Free Report)

Teladoc Health, Inc provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems.

Further Reading

Insider Buying and Selling by Quarter for Teladoc Health (NYSE:TDOC)

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