Teladoc Health, Inc. (NYSE:TDOC) Insider Sells $98,320.72 in Stock

Posted by Defense World Staff on Mar 6th, 2023

Teladoc Health, Inc. (NYSE:TDOC – Get Rating) insider Adam C. Vandervoort sold 3,877 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $25.36, for a total transaction of $98,320.72. Following the sale, the insider now directly owns 15,629 shares of the company’s stock, valued at $396,351.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Teladoc Health Price Performance

NYSE TDOC opened at $26.88 on Monday. The company has a quick ratio of 3.15, a current ratio of 3.29 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.37 billion, a PE ratio of -0.32 and a beta of 1.08. The company has a 50 day moving average price of $27.22 and a two-hundred day moving average price of $27.99. Teladoc Health, Inc. has a 12-month low of $21.60 and a 12-month high of $77.50.

Teladoc Health (NYSE:TDOC – Get Rating) last posted its earnings results on Wednesday, February 22nd. The health services provider reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. The firm had revenue of $637.71 million during the quarter, compared to analysts’ expectations of $633.71 million. Teladoc Health had a negative net margin of 567.53% and a negative return on equity of 4.35%. As a group, equities analysts predict that Teladoc Health, Inc. will post -1.41 earnings per share for the current fiscal year.

Institutional Trading of Teladoc Health

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in shares of Teladoc Health by 49.8% in the fourth quarter. Alliancebernstein L.P. now owns 109,843 shares of the health services provider’s stock worth $2,598,000 after buying an additional 36,500 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of Teladoc Health in the fourth quarter worth $221,000. State of Wyoming acquired a new stake in shares of Teladoc Health in the fourth quarter worth $91,000. Public Employees Retirement System of Ohio lifted its stake in shares of Teladoc Health by 1.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 87,404 shares of the health services provider’s stock worth $2,067,000 after buying an additional 1,557 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Teladoc Health by 5.3% in the fourth quarter. Captrust Financial Advisors now owns 21,380 shares of the health services provider’s stock worth $506,000 after buying an additional 1,079 shares during the last quarter. 84.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Oppenheimer dropped their price target on Teladoc Health from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. Barclays cut their target price on Teladoc Health from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 18th. Citigroup dropped their price target on Teladoc Health from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 28th. StockNews.com raised shares of Teladoc Health to a “sell” rating in a research note on Friday, February 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price on shares of Teladoc Health in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.96.

About Teladoc Health

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Teladoc Health, Inc engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure.