Teladoc Health, Inc. (NYSE:TDOC) Given Average Rating of "Hold" by Brokerages

Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) has earned a consensus rating of "Hold" from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.65.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Teladoc Health in a report on Thursday, May 1st. Canaccord Genuity Group decreased their price objective on Teladoc Health from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Evercore ISI boosted their target price on Teladoc Health from $7.00 to $8.00 and gave the company an "in-line" rating in a report on Wednesday, July 9th. Stifel Nicolaus decreased their price target on Teladoc Health from $9.00 to $8.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Finally, Jefferies Financial Group lowered their price objective on shares of Teladoc Health from $10.00 to $8.00 and set a "hold" rating on the stock in a research report on Monday, April 21st.

Teladoc Health Trading Up 0.5%

NYSE TDOC opened at $8.08 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.68 and a quick ratio of 1.64. The firm's fifty day moving average price is $7.57 and its 200 day moving average price is $8.62. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -1.36 and a beta of 1.84. Teladoc Health has a 12 month low of $6.35 and a 12 month high of $15.21.

Insider Buying and Selling at Teladoc Health

In other Teladoc Health news, insider Fernando M. Rodrigues sold 4,174 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.91, for a total value of $28,842.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carlos Nueno sold 3,958 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.86, for a total value of $27,151.88. Following the sale, the insider owned 17,645 shares in the company, valued at approximately $121,044.70. This trade represents a 18.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,656 shares of company stock worth $128,189. 0.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TDOC. Golden State Wealth Management LLC boosted its position in shares of Teladoc Health by 102.6% in the first quarter. Golden State Wealth Management LLC now owns 3,337 shares of the health services provider's stock worth $27,000 after acquiring an additional 1,690 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Teladoc Health by 79.4% in the 1st quarter. National Bank of Canada FI now owns 3,571 shares of the health services provider's stock valued at $28,000 after purchasing an additional 1,581 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Teladoc Health during the 1st quarter valued at $37,000. Sterling Capital Management LLC increased its holdings in shares of Teladoc Health by 776.7% during the 4th quarter. Sterling Capital Management LLC now owns 4,629 shares of the health services provider's stock worth $42,000 after buying an additional 4,101 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Teladoc Health during the 1st quarter worth $50,000. 76.82% of the stock is currently owned by institutional investors and hedge funds.

About Teladoc Health

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.

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