Teladoc Health (NYSE:TDOC) Shares Gap Up - What's Next?

Shares of Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.95, but opened at $13.57. Teladoc Health shares last traded at $13.67, with a volume of 4,377,657 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TDOC shares. Oppenheimer decreased their target price on shares of Teladoc Health from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada raised their price objective on Teladoc Health from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Bank of America upped their target price on Teladoc Health from $11.50 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday. Barclays raised their price target on Teladoc Health from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, Piper Sandler restated an "overweight" rating and issued a $13.00 price target (up previously from $11.00) on shares of Teladoc Health in a report on Wednesday, December 4th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.08.

Teladoc Health Trading Up 7.6 %

The firm has a market cap of $2.33 billion, a P/E ratio of -2.34 and a beta of 1.05. The business has a 50 day moving average of $10.22 and a two-hundred day moving average of $9.25. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.66.

Insider Buying and Selling at Teladoc Health

In other Teladoc Health news, insider Carlos Nueno sold 2,389 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was 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 $34,477.70. This trade represents a 45.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.95% of the company's stock.

Institutional Trading of Teladoc Health

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Teladoc Health by 15.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,701,161 shares of the health services provider's stock worth $15,617,000 after buying an additional 228,004 shares during the period. Jennison Associates LLC bought a new stake in shares of Teladoc Health in the 3rd quarter worth approximately $1,544,000. Massachusetts Financial Services Co. MA grew its stake in shares of Teladoc Health by 477.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 370,093 shares of the health services provider's stock worth $3,397,000 after acquiring an additional 305,961 shares during the last quarter. Geode Capital Management LLC raised its holdings in Teladoc Health by 1.5% in the third quarter. Geode Capital Management LLC now owns 3,925,167 shares of the health services provider's stock worth $36,042,000 after buying an additional 56,864 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of Teladoc Health during the third quarter valued at approximately $11,291,000. Hedge funds and other institutional investors 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.