Teladoc Health Inc (NYSE:TDOC) President Peter A. Mcclennen sold 9,670 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $70.00, for a total transaction of $676,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:TDOC opened at $70.62 on Friday. Teladoc Health Inc has a 52 week low of $42.08 and a 52 week high of $89.05. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of -49.04 and a beta of 1.30. The business’s 50-day simple moving average is $61.87. The company has a current ratio of 7.54, a quick ratio of 7.54 and a debt-to-equity ratio of 0.42.
Teladoc Health (NYSE:TDOC) last released its quarterly earnings results on Tuesday, April 30th. The health services provider reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.01. Teladoc Health had a negative net margin of 22.63% and a negative return on equity of 10.86%. The business had revenue of $128.57 million for the quarter, compared to analyst estimates of $127.99 million. During the same period last year, the firm earned ($0.39) earnings per share. Teladoc Health’s revenue for the quarter was up 43.4% compared to the same quarter last year. As a group, analysts anticipate that Teladoc Health Inc will post -1.53 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC bought a new position in Teladoc Health during the first quarter worth about $75,000. Bank of New York Mellon Corp increased its position in Teladoc Health by 86.5% during the fourth quarter. Bank of New York Mellon Corp now owns 980,577 shares of the health services provider’s stock worth $48,605,000 after acquiring an additional 454,702 shares during the period. GAM Holding AG bought a new position in Teladoc Health during the first quarter worth about $2,243,000. LPL Financial LLC increased its position in Teladoc Health by 51.9% during the fourth quarter. LPL Financial LLC now owns 19,675 shares of the health services provider’s stock worth $975,000 after acquiring an additional 6,721 shares during the period. Finally, CWM LLC increased its position in Teladoc Health by 15.2% during the first quarter. CWM LLC now owns 47,585 shares of the health services provider’s stock worth $2,646,000 after acquiring an additional 6,280 shares during the period.
A number of analysts have recently issued reports on TDOC shares. Jefferies Financial Group restated a “buy” rating on shares of Extended Stay America in a research note on Tuesday, July 2nd. Bank of America set a $10.00 target price on shares of HEXO and gave the stock a “buy” rating in a research note on Thursday, June 13th. Guggenheim started coverage on shares of Patterson Companies in a research note on Wednesday, April 17th. They set a “neutral” rating and a $23.00 target price for the company. Craig Hallum raised their target price on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $143.00 target price on shares of Eli Lilly And Co in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $82.68.
Teladoc Health Company Profile
Teladoc Health, Inc provides telehealth services. 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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