Insider Selling: Teladoc Health, Inc. (NYSE:TDOC) EVP Sells 1,617 Shares of Stock

Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) EVP Andrew Turitz sold 1,617 shares of Teladoc Health stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.16, for a total value of $11,577.72. Following the completion of the sale, the executive vice president now directly owns 41,546 shares in the company, valued at $297,469.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Teladoc Health Stock Up 0.8 %

NYSE:TDOC traded up $0.06 during midday trading on Wednesday, hitting $7.44. 6,434,264 shares of the company were exchanged, compared to its average volume of 5,531,503. The company has a fifty day simple moving average of $8.40 and a 200 day simple moving average of $11.58. Teladoc Health, Inc. has a fifty-two week low of $6.76 and a fifty-two week high of $23.18. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.27 billion, a PE ratio of -5.33 and a beta of 0.90.

Teladoc Health (NYSE:TDOC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The health services provider reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.08. The firm had revenue of $642.44 million for the quarter, compared to analyst estimates of $649.34 million. Teladoc Health had a negative net margin of 38.54% and a negative return on equity of 10.25%. As a group, equities analysts anticipate that Teladoc Health, Inc. will post -0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDOC. DA Davidson dropped their price target on Teladoc Health from $12.00 to $8.00 and set a "neutral" rating for the company in a research report on Thursday, August 1st. TD Cowen dropped their target price on Teladoc Health from $15.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday, August 1st. Bank of America dropped their target price on Teladoc Health from $16.50 to $13.50 and set a "neutral" rating for the company in a research report on Tuesday, May 14th. Stifel Nicolaus dropped their target price on Teladoc Health from $16.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday, August 1st. Finally, Piper Sandler dropped their target price on Teladoc Health from $25.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Teladoc Health has an average rating of "Hold" and a consensus price target of $12.44.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TDOC. ICA Group Wealth Management LLC purchased a new stake in shares of Teladoc Health in the fourth quarter valued at about $28,000. Principal Securities Inc. purchased a new stake in shares of Teladoc Health in the fourth quarter valued at about $45,000. Signaturefd LLC boosted its holdings in shares of Teladoc Health by 148.7% in the second quarter. Signaturefd LLC now owns 2,868 shares of the health services provider's stock valued at $28,000 after acquiring 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 second quarter valued at about $29,000. Finally, SageView Advisory Group LLC purchased a new stake in shares of Teladoc Health in the first quarter valued at about $48,000. 76.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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