Analysts Set Teladoc Health, Inc. (NYSE:TDOC) PT at $12.24

Teladoc Health, Inc. (NYSE:TDOC) has earned an average rating of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.24.

A number of brokerages have issued reports on TDOC. TD Cowen reduced their price target on shares of Teladoc Health from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group lifted their target price on Teladoc Health from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Evercore ISI increased their price target on Teladoc Health from $8.00 to $9.00 and gave the company an “in-line” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on Teladoc Health from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group initiated coverage on Teladoc Health in a research report on Friday, November 15th. They set a “buy” rating and a $14.00 target price for the company.

Insider Transactions at Teladoc Health

In related news, insider Carlos Nueno sold 2,389 shares of Teladoc Health stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.93, for a total transaction of $28,500.77. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Teladoc Health

A number of institutional investors have recently modified their holdings of TDOC. Signaturefd LLC grew its stake in Teladoc Health by 148.7% in the second quarter. Signaturefd LLC now owns 2,868 shares of the health services provider’s stock worth $28,000 after purchasing an additional 1,715 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Teladoc Health in the 2nd quarter worth $29,000. Versant Capital Management Inc grew its position in shares of Teladoc Health by 313.8% during the 4th quarter. Versant Capital Management Inc now owns 3,219 shares of the health services provider’s stock worth $29,000 after buying an additional 2,441 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Teladoc Health by 84.5% during the third quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock valued at $40,000 after buying an additional 1,854 shares during the period. Finally, Doheny Asset Management CA bought a new stake in shares of Teladoc Health in the second quarter valued at about $46,000. 76.82% of the stock is owned by hedge funds and other institutional investors.

Teladoc Health Price Performance

Shares of Teladoc Health stock opened at $9.79 on Thursday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -1.70 and a beta of 1.01. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $9.94 and its 200-day simple moving average is $9.04. Teladoc Health has a 52 week low of $6.76 and a 52 week high of $22.16.

Teladoc Health (NYSE:TDOC) last posted its quarterly earnings results on Wednesday, October 30th. The health services provider reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. Teladoc Health had a negative return on equity of 10.06% and a negative net margin of 37.91%. The company had revenue of $640.51 million for the quarter, compared to analysts’ expectations of $630.50 million. As a group, analysts expect that Teladoc Health will post -1.16 earnings per share for the current fiscal year.

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.