Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) dropped 4.8% during mid-day trading on Wednesday . The company traded as low as $7.78 and last traded at $7.62. Approximately 1,758,941 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 6,356,865 shares. The stock had previously closed at $8.00.
Wall Street Analyst Weigh In
TDOC has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Teladoc Health from $9.00 to $8.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Canaccord Genuity Group cut their price target on shares of Teladoc Health from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group decreased 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. Evercore ISI lowered their target price on Teladoc Health from $8.00 to $7.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price target on Teladoc Health from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $9.60.
Get Our Latest Analysis on Teladoc Health
Teladoc Health Stock Performance
The stock has a market capitalization of $1.35 billion, a P/E ratio of -1.30 and a beta of 1.78. The company's fifty day simple moving average is $7.12 and its 200 day simple moving average is $8.81. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.
Insider Buying and Selling at Teladoc Health
In other news, insider Fernando M. Rodrigues sold 4,174 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.91, for a total value of $28,842.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carlos Nueno sold 3,958 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 17,645 shares of the company's stock, valued at $121,044.70. The trade was a 18.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,656 shares of company stock worth $128,189 over the last three months. 0.58% of the stock is owned by insiders.
Institutional Trading of Teladoc Health
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its position in shares of Teladoc Health by 102.6% in the 1st 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 during the period. National Bank of Canada FI lifted its holdings 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 valued at $28,000 after purchasing an additional 1,581 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Teladoc Health during the fourth quarter valued at $29,000. Lindbrook Capital LLC lifted its stake in shares of Teladoc Health by 78.9% in the fourth quarter. Lindbrook Capital LLC now owns 3,654 shares of the health services provider's stock worth $33,000 after buying an additional 1,612 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in Teladoc Health during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 76.82% of the company's stock.
About Teladoc Health
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Teladoc Health, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teladoc Health wasn't on the list.
While Teladoc Health currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
