Traders Buy High Volume of Call Options on Teladoc Health (NYSE:TDOC)

Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Traders bought 33,742 call options on the stock. This represents an increase of approximately 66% compared to the average daily volume of 20,354 call options.

Teladoc Health Stock Performance

Shares of NYSE:TDOC traded down $0.38 during midday trading on Monday, hitting $8.78. The company's stock had a trading volume of 3,589,005 shares, compared to its average volume of 8,317,642. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.69 and a current ratio of 1.73. The stock's 50 day simple moving average is $10.62 and its 200 day simple moving average is $9.66. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1.52 and a beta of 1.27. Teladoc Health has a fifty-two week low of $6.76 and a fifty-two week high of $15.95.

Teladoc Health (NYSE:TDOC - Get Free Report) last released its earnings results on Wednesday, February 26th. The health services provider reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.07). Teladoc Health had a negative net margin of 37.91% and a negative return on equity of 10.06%. The business had revenue of $640.49 million during the quarter, compared to analyst estimates of $639.44 million. As a group, research analysts anticipate that Teladoc Health will post -1.16 earnings per share for the current year.

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Hedge Funds Weigh In On Teladoc Health

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System grew its position in Teladoc Health by 1.8% in the 4th quarter. Arizona State Retirement System now owns 49,691 shares of the health services provider's stock worth $452,000 after purchasing an additional 859 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Teladoc Health by 9.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,456 shares of the health services provider's stock valued at $113,000 after buying an additional 1,089 shares during the period. Canada Pension Plan Investment Board grew its position in Teladoc Health by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 228,700 shares of the health services provider's stock worth $2,079,000 after buying an additional 1,200 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Teladoc Health by 8.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,009 shares of the health services provider's stock worth $164,000 after buying an additional 1,331 shares in the last quarter. Finally, Vise Technologies Inc. increased its stake in Teladoc Health by 4.9% during the fourth quarter. Vise Technologies Inc. now owns 30,179 shares of the health services provider's stock valued at $274,000 after acquiring an additional 1,405 shares during the period. Institutional investors own 76.82% of the company's stock.

Analyst Ratings Changes

TDOC has been the topic of a number of recent analyst reports. Bank of America lifted their price target on Teladoc Health from $11.50 to $13.50 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler cut their target price on Teladoc Health from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada increased 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. The Goldman Sachs Group lowered their price target on Teladoc Health from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Teladoc Health in a report on Thursday, February 27th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.26.

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.