Teladoc Health, Inc. (NYSE:TDOC) Receives Average Rating of “Hold” from Brokerages

Shares of Teladoc Health, Inc. (NYSE:TDOC) have been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.

A number of analysts recently weighed in on TDOC shares. Bank of America boosted their target price on Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on Teladoc Health from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays boosted their target price on Teladoc Health from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $13.00 price target (up from $11.00) on shares of Teladoc Health in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price target on Teladoc Health from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th.

Insider Transactions at Teladoc Health

In other news, insider Carlos Nueno sold 2,389 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.93, for a total value of $28,500.77. Following the completion of the transaction, the insider now owns 2,890 shares in the company, valued at $34,477.70. This trade represents a 45.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. lifted its stake in shares of Teladoc Health by 4.9% in the 4th quarter. Vise Technologies Inc. now owns 30,179 shares of the health services provider’s stock valued at $274,000 after purchasing an additional 1,405 shares during the period. PharVision Advisers LLC purchased a new position in shares of Teladoc Health in the 4th quarter valued at approximately $301,000. Twinbeech Capital LP lifted its stake in shares of Teladoc Health by 63.8% in the 4th quarter. Twinbeech Capital LP now owns 382,735 shares of the health services provider’s stock valued at $3,479,000 after purchasing an additional 149,118 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Teladoc Health by 213.0% in the 4th quarter. Two Sigma Advisers LP now owns 2,258,711 shares of the health services provider’s stock valued at $20,532,000 after purchasing an additional 1,537,094 shares during the period. Finally, Two Sigma Investments LP purchased a new position in Teladoc Health during the fourth quarter valued at $18,348,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Teladoc Health Stock Down 1.8 %

Shares of NYSE TDOC opened at $11.18 on Friday. The business has a 50-day moving average of $10.58 and a 200-day moving average of $9.52. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -1.94 and a beta of 1.04. Teladoc Health has a 12 month low of $6.76 and a 12 month high of $15.95. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.66.

Teladoc Health Company Profile

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.