Teladoc Health (NYSE:TDOC) Shares Down 6.4% - What's Next?

Shares of Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) fell 6.4% during trading on Tuesday . The stock traded as low as $13.65 and last traded at $13.41. 8,362,461 shares were traded during mid-day trading, an increase of 28% from the average session volume of 6,515,833 shares. The stock had previously closed at $14.33.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TDOC shares. Oppenheimer decreased their price objective on Teladoc Health from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. The Goldman Sachs Group upped their price target on Teladoc Health from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays lifted their price objective on Teladoc Health from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Bank of America upped their target price on shares of Teladoc Health from $11.50 to $13.50 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada lifted their price target on shares of Teladoc Health from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating and seven 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 $12.18.

Teladoc Health Trading Down 9.3 %

The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -2.00 and a beta of 1.05. The business's fifty day moving average is $10.55 and its 200 day moving average is $9.44. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66.

Insider Activity at Teladoc Health

In other news, insider Carlos Nueno sold 2,389 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.93, for a total transaction of $28,500.77. Following the transaction, the insider now directly owns 2,890 shares in the company, valued at $34,477.70. The trade was a 45.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teladoc Health

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in 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 valued at $29,000 after purchasing an additional 2,441 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Teladoc Health during the 4th quarter worth about $29,000. Lindbrook Capital LLC boosted its holdings in shares of Teladoc Health by 78.9% during the 4th quarter. Lindbrook Capital LLC now owns 3,654 shares of the health services provider's stock worth $33,000 after buying an additional 1,612 shares during the period. Blue Trust Inc. grew its stake in Teladoc Health by 84.5% in the 3rd quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider's stock valued at $40,000 after buying an additional 1,854 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Teladoc Health by 776.7% in the 4th quarter. Sterling Capital Management LLC now owns 4,629 shares of the health services provider's stock valued at $42,000 after acquiring an additional 4,101 shares during the period. Institutional investors and hedge funds own 76.82% of the company's stock.

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.