In yesterday’s Wall Street session, Teladoc Health Inc. (NYSE:TDOC) shares traded at $20.75, down -0.10% from the previous session.
27 analysts cover Teladoc Health Inc. (NYSE:TDOC), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $25.00, we find $29.00. Given the previous closing price of $20.77, this indicates a potential upside of 39.62 percent. TDOC stock price is now -13.68% away from the 50-day moving average and -18.54% away from the 200-day moving average. The market capitalization of the company currently stands at $3.49B.
The stock has received a hold rating from 22 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $29.77 as their price target over the next twelve months.
With the price target of $25, Stephens recently initiated with Equal-Weight rating for Teladoc Health Inc. (NYSE: TDOC).
In other news, Trencher Daniel, CHIEF STRATEGY OFFICER sold 1,000 shares of the company’s stock on Sep 18. The stock was sold for $21,000 at an average price of $21.00. Upon completion of the transaction, the CHIEF STRATEGY OFFICER now directly owns 21,036 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, CHIEF FINANCIAL OFFICER Murthy Mala sold 3,221 shares of the business’s stock. A total of $73,742 was realized by selling the stock at an average price of $22.89. This leaves the insider owning 46,907 shares of the company worth $0.97 million. Insiders disposed of 185,163 shares of company stock worth roughly $3.84 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TDOC stock. A new stake in Teladoc Health Inc. shares was purchased by HOOD RIVER CAPITAL MANAGEMENT LLC during the first quarter worth $19,979,000. ERGOTELES LLC invested $5,550,000 in shares of TDOC during the first quarter. In the first quarter, ALLIANZ ASSET MANAGEMENT GMBH acquired a new stake in Teladoc Health Inc. valued at approximately $5,080,000. SOVIERO ASSET MANAGEMENT, LP acquired a new stake in TDOC for approximately $4,980,000. INTEGRAL HEALTH ASSET MANAGEMENT, LLC purchased a new stake in TDOC valued at around $4,150,000 in the second quarter. In total, there are 647 active investors with 83.80% ownership of the company’s stock.
On Tuesday morning Teladoc Health Inc. (NYSE: TDOC) stock kicked off with the opening price of $20.61. During the past 12 months, Teladoc Health Inc. has had a low of $20.77 and a high of $34.73. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 3.40, and a quick ratio of 3.40. The fifty day moving average price for TDOC is $23.98 and a two-hundred day moving average price translates $25.43 for the stock.
The latest earnings results from Teladoc Health Inc. (NYSE: TDOC) was released for Jun, 2023. According to the Health Information Services Company, earnings per share came in at -$0.4, beating analysts’ expectations of -$0.41 by 0.01. This compares to -$19.22 EPS in the same period last year. The company reported revenue of $652.41 million for the quarter, compared to $592.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.13 percent. For the current quarter, analysts expect TDOC to generate $664.1M in revenue.
Teladoc Health Inc.(TDOC) Company Profile
Teladoc Health, Inc. provides virtual healthcare services in the United States and internationally. The company operates through two segments, 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. The BetterHelp segment operates a mental health platform that provides online counseling and therapy services through website, mobile applications, phones, and text-based interactions by its that licensed clinicians. The company offers its products and services under the Teladoc, Livongo, and BetterHelp brands. It serves employers, health plans, hospitals and health systems, and insurance and financial services companies, as well as individual members. The company was formerly known as Teladoc, Inc. and changed its name to Teladoc Health, Inc. in August 2018. Teladoc Health, Inc. was incorporated in 2002 and is headquartered in Purchase, New York.