Teladoc Health (NYSE:TDOC) Price Target Raised to $16.00

Teladoc Health (NYSE:TDOC - Get Free Report) had its target price raised by analysts at The Goldman Sachs Group from $14.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the health services provider's stock. The Goldman Sachs Group's target price indicates a potential upside of 38.95% from the company's current price.

Several other equities analysts have also weighed in on the stock. Piper Sandler restated an "overweight" rating and set a $13.00 target price (up previously from $11.00) on shares of Teladoc Health in a report on Wednesday, December 4th. Oppenheimer cut their price objective on shares of Teladoc Health from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Teladoc Health from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price objective on shares of Teladoc Health from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Bank of America boosted their price objective 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. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.18.

Teladoc Health Stock Down 9.3 %

Shares of NYSE:TDOC traded down $1.18 during midday trading on Tuesday, hitting $11.52. 14,095,893 shares of the company's stock traded hands, compared to its average volume of 7,939,242. 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 company has a market cap of $1.98 billion, a PE ratio of -2.00 and a beta of 1.05. The firm's fifty day moving average price is $10.52 and its two-hundred day moving average price is $9.41. Teladoc Health has a twelve month low of $6.76 and a twelve month high of $15.95.

Insider Activity at Teladoc Health

In other Teladoc Health news, insider Carlos Nueno sold 2,389 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.93, for a total value of $28,500.77. Following the completion of the transaction, the insider now owns 2,890 shares in the company, valued at approximately $34,477.70. This represents 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. Insiders own 0.95% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TDOC. CWM LLC grew its position in Teladoc Health by 219.1% in the 3rd quarter. CWM LLC now owns 13,557 shares of the health services provider's stock worth $124,000 after purchasing an additional 9,309 shares during the last quarter. Creative Planning lifted its stake in shares of Teladoc Health by 184.7% in the 3rd quarter. Creative Planning now owns 64,125 shares of the health services provider's stock worth $589,000 after acquiring an additional 41,602 shares during the period. Blue Trust Inc. lifted its stake in shares of Teladoc Health by 84.5% in the 3rd quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider's stock worth $40,000 after acquiring an additional 1,854 shares during the period. Signaturefd LLC lifted its stake in shares of Teladoc Health by 162.7% in the 3rd quarter. Signaturefd LLC now owns 7,535 shares of the health services provider's stock worth $69,000 after acquiring an additional 4,667 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Teladoc Health by 26.9% in the 3rd quarter. Private Advisor Group LLC now owns 13,990 shares of the health services provider's stock worth $128,000 after acquiring an additional 2,962 shares during the period. 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.