Teladoc Health (NYSE:TDOC) Stock Price Expected to Rise, Evercore ISI Analyst Says

Teladoc Health (NYSE:TDOC - Get Free Report) had its price objective increased by Evercore ISI from $7.00 to $8.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "in-line" rating on the health services provider's stock. Evercore ISI's price target suggests a potential downside of 3.96% from the company's current price.

TDOC has been the topic of a number of other reports. Bank of America dropped their target price on Teladoc Health from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Canaccord Genuity Group lowered their price objective on Teladoc Health from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on Teladoc Health from $10.00 to $8.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on Teladoc Health from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Jefferies Financial Group lowered their price objective on Teladoc Health from $10.00 to $8.00 and set a "hold" rating for the company in a report on Monday, April 21st. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.65.

Teladoc Health Stock Down 5.4%

NYSE:TDOC traded down $0.48 during mid-day trading on Wednesday, hitting $8.33. The company had a trading volume of 6,740,379 shares, compared to its average volume of 6,401,383. The business has a fifty day simple moving average of $7.47 and a 200-day simple moving average of $8.67. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. Teladoc Health has a 1 year low of $6.35 and a 1 year high of $15.21. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -1.41 and a beta of 1.84.

Insider Activity at Teladoc Health

In related news, insider Carlos Nueno sold 3,958 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.86, for a total value of $27,151.88. Following the completion of the transaction, the insider owned 17,645 shares of the company's stock, valued at $121,044.70. This represents a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam C. Vandervoort sold 5,808 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.86, for a total transaction of $39,842.88. Following the sale, the insider directly owned 69,773 shares of the company's stock, valued at approximately $478,642.78. The trade was a 7.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,656 shares of company stock worth $128,189. Company insiders own 0.58% of the company's stock.

Hedge Funds Weigh In On Teladoc Health

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

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.