Teladoc, Inc. (NYSE:TDOC)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a report issued on Friday. They currently have a $32.00 price target on the health services provider’s stock. Piper Jaffray Companies’ price target points to a potential downside of 8.44% from the stock’s previous close.

Several other brokerages also recently weighed in on TDOC. TheStreet downgraded Teladoc from a “c-” rating to a “d” rating in a research note on Monday, July 3rd. William Blair reiterated an “outperform” rating on shares of Teladoc in a research note on Tuesday, June 20th. Canaccord Genuity reiterated a “buy” rating and issued a $42.00 target price (up from $34.00) on shares of Teladoc in a research note on Tuesday, June 20th. Chardan Capital lifted their target price on Teladoc from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, June 20th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $27.00 target price on shares of Teladoc in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.77.

Shares of Teladoc (NYSE TDOC) opened at 34.95 on Friday. Teladoc has a 12-month low of $13.49 and a 12-month high of $36.90. The firm’s market cap is $1.90 billion. The company’s 50 day moving average price is $31.90 and its 200-day moving average price is $24.09.

Teladoc (NYSE:TDOC) last released its quarterly earnings results on Monday, May 8th. The health services provider reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.03. The firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $42.22 million. Teladoc had a negative return on equity of 24.73% and a negative net margin of 53.58%. The firm’s quarterly revenue was up 59.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.40) EPS. On average, equities research analysts anticipate that Teladoc will post ($0.88) EPS for the current year.

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In other news, insider Michael H. King sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $25.75, for a total value of $128,750.00. Following the completion of the sale, the insider now directly owns 61,459 shares of the company’s stock, valued at approximately $1,582,569.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark Hirschhorn sold 59,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $25.46, for a total value of $1,504,686.00. Following the completion of the sale, the vice president now directly owns 180,887 shares of the company’s stock, valued at $4,605,383.02. The disclosure for this sale can be found here. Insiders sold a total of 232,480 shares of company stock valued at $6,439,354 over the last three months. Insiders own 5.94% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Driehaus Capital Management LLC acquired a new stake in Teladoc during the first quarter valued at approximately $6,411,000. Blair William & Co. IL acquired a new stake in Teladoc during the first quarter valued at approximately $218,000. State Street Corp boosted its stake in Teladoc by 2.5% in the fourth quarter. State Street Corp now owns 381,703 shares of the health services provider’s stock valued at $6,309,000 after buying an additional 9,146 shares in the last quarter. FMR LLC boosted its stake in Teladoc by 35.0% in the fourth quarter. FMR LLC now owns 3,075,000 shares of the health services provider’s stock valued at $50,738,000 after buying an additional 796,647 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Teladoc by 8,826.7% in the first quarter. JPMorgan Chase & Co. now owns 1,606,535 shares of the health services provider’s stock valued at $40,163,000 after buying an additional 1,588,538 shares in the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

About Teladoc

Teladoc, Inc is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation.

Analyst Recommendations for Teladoc (NYSE:TDOC)

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