Teladoc Health (NYSE:TDOC) Shares Down 5% – Time to Sell?

Teladoc Health, Inc. (NYSE:TDOC) fell 5% on Wednesday . The stock traded as low as $12.27 and last traded at $12.39. 4,408,114 shares were traded during mid-day trading, a decline of 22% from the average session volume of 5,644,407 shares. The stock had previously closed at $13.04.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TDOC. Barclays increased their target price on Teladoc Health from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Teladoc Health from $10.00 to $12.00 and gave the company a “hold” rating in a report on Friday, November 1st. Bank of America upped their price target on shares of Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Teladoc Health from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $13.00 target price (up previously from $11.00) on shares of Teladoc Health in a research note on Wednesday, December 4th. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.08.

Teladoc Health Stock Down 3.9 %

The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $10.13 and its 200-day moving average price is $9.20. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -2.18 and a beta of 1.05.

Insiders Place Their Bets

In other Teladoc Health news, insider Carlos Nueno sold 2,389 shares of Teladoc Health stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.93, for a total value of $28,500.77. Following the completion of the sale, the insider now directly owns 2,890 shares of the company’s stock, valued at approximately $34,477.70. The trade was a 45.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Teladoc Health

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Teladoc Health by 219.1% during the third quarter. CWM LLC now owns 13,557 shares of the health services provider’s stock valued at $124,000 after acquiring an additional 9,309 shares in the last quarter. Inspire Investing LLC bought a new stake in Teladoc Health during the 3rd quarter valued at $409,000. Creative Planning raised its holdings in Teladoc Health by 184.7% during the third quarter. Creative Planning now owns 64,125 shares of the health services provider’s stock worth $589,000 after buying an additional 41,602 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Teladoc Health by 84.5% in 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 in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Teladoc Health by 162.7% during the third quarter. Signaturefd LLC now owns 7,535 shares of the health services provider’s stock valued at $69,000 after buying an additional 4,667 shares during the last quarter. 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.