Teladoc Health (NYSE:TDOC) Shares Gap Up – What’s Next?

Shares of Teladoc Health, Inc. (NYSE:TDOC) gapped up prior to trading on Tuesday . The stock had previously closed at $9.70, but opened at $10.36. Teladoc Health shares last traded at $10.01, with a volume of 2,335,899 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TDOC shares. Royal Bank of Canada upped their target price on shares of Teladoc Health from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. TD Cowen cut their price objective on Teladoc Health from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Evercore ISI boosted their target price on Teladoc Health from $8.00 to $9.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group assumed coverage on Teladoc Health in a report on Friday, November 15th. They set a “buy” rating and a $14.00 price target for the company. Finally, Jefferies Financial Group upped their price objective on Teladoc Health from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.24.

Teladoc Health Trading Up 1.5 %

The stock has a market cap of $1.70 billion, a PE ratio of -1.71 and a beta of 1.01. The company has a 50 day moving average of $9.99 and a two-hundred day moving average of $9.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.69 and a current ratio of 1.73.

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

Insider Activity at Teladoc Health

In other news, insider Carlos Nueno sold 2,389 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 2,890 shares in the company, valued at approximately $34,477.70. This represents a 45.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by insiders.

Institutional Trading of Teladoc Health

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Teladoc Health by 84.5% during the 3rd quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock worth $40,000 after buying an additional 1,854 shares during the last quarter. Arizona State Retirement System increased its stake in Teladoc Health by 4.2% in the second quarter. Arizona State Retirement System now owns 47,400 shares of the health services provider’s stock valued at $464,000 after purchasing an additional 1,901 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Teladoc Health by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 64,132 shares of the health services provider’s stock worth $627,000 after purchasing an additional 2,153 shares in the last quarter. Versant Capital Management Inc lifted 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 during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Teladoc Health by 26.9% in the 3rd quarter. Private Advisor Group LLC now owns 13,990 shares of the health services provider’s stock valued at $128,000 after buying an additional 2,962 shares in the last quarter. Institutional investors and hedge funds own 76.82% of the company’s stock.

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.