Teladoc Health Inc (NYSE:TDOC) Insider Sells $86,095.00 in Stock

Teladoc Health Inc (NYSE:TDOC) insider Lewis Levy sold 1,285 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $67.00, for a total value of $86,095.00. Following the transaction, the insider now directly owns 1,285 shares of the company’s stock, valued at $86,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lewis Levy also recently made the following trade(s):

  • On Monday, September 17th, Lewis Levy sold 1,284 shares of Teladoc Health stock. The stock was sold at an average price of $77.00, for a total value of $98,868.00.
  • On Wednesday, August 15th, Lewis Levy sold 1,285 shares of Teladoc Health stock. The stock was sold at an average price of $70.80, for a total value of $90,978.00.

Shares of NYSE TDOC traded down $2.84 during trading hours on Friday, reaching $62.49. 1,469,974 shares of the stock were exchanged, compared to its average volume of 2,017,914. The firm has a market cap of $4.79 billion, a P/E ratio of -37.87 and a beta of 0.96. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.40. Teladoc Health Inc has a 52 week low of $27.30 and a 52 week high of $89.05.

Teladoc Health (NYSE:TDOC) last announced its earnings results on Thursday, November 1st. The health services provider reported ($0.34) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.02. The company had revenue of $111.00 million for the quarter, compared to analyst estimates of $109.94 million. Teladoc Health had a negative return on equity of 14.05% and a negative net margin of 31.32%. The firm’s quarterly revenue was up 61.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.55) earnings per share. Analysts forecast that Teladoc Health Inc will post -1.47 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Teladoc Health during the 3rd quarter worth $165,000. Garner Asset Management Corp bought a new position in Teladoc Health during the 2nd quarter worth $200,000. Pier 88 Investment Partners LLC bought a new position in Teladoc Health during the 2nd quarter worth $201,000. Aperio Group LLC bought a new position in Teladoc Health during the 2nd quarter worth $201,000. Finally, California Public Employees Retirement System bought a new position in Teladoc Health during the 2nd quarter worth $203,000.

Several research firms have recently weighed in on TDOC. Jefferies Financial Group set a $90.00 price objective on Teladoc Health and gave the stock a “buy” rating in a research report on Friday, September 28th. Robert W. Baird increased their price target on Teladoc Health from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, September 28th. Canaccord Genuity increased their price target on Teladoc Health from $86.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, September 28th. Citigroup reissued a “buy” rating and set a $95.00 price target on shares of Teladoc Health in a research report on Friday, September 28th. Finally, Cantor Fitzgerald increased their price target on Teladoc Health from $52.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, September 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $82.95.

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Teladoc Health Company Profile

Teladoc Health, Inc provides telehealth services worldwide. It offers a portfolio of services and solutions covering 450 medical subspecialties, such as flu and upper respiratory infections, cancer, and congestive heart failure. The company provides its services through mobile devices, the Internet, video, and phone.

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Insider Buying and Selling by Quarter for Teladoc Health (NYSE:TDOC)

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