Teladoc (TDOC) Earns “Buy” Rating from KeyCorp
Teladoc (NYSE:TDOC)‘s stock had its “buy” rating reissued by analysts at KeyCorp in a research note issued on Wednesday. They currently have a $41.00 price target on the health services provider’s stock. KeyCorp’s price target would indicate a potential upside of 18.84% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut shares of Teladoc from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $36.00 in a research report on Monday, September 18th. Zacks Investment Research raised shares of Teladoc from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Cantor Fitzgerald reissued a “hold” rating and issued a $31.00 price target on shares of Teladoc in a research report on Tuesday, September 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $42.00 price target on shares of Teladoc in a research report on Friday, September 29th. Finally, Cowen reissued an “outperform” rating and issued a $39.00 price target on shares of Teladoc in a research report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.31.
Teladoc (NYSE:TDOC) opened at $34.50 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 5.08 and a current ratio of 5.08. The company has a market cap of $2,090.00 and a price-to-earnings ratio of -23.79. Teladoc has a 12 month low of $15.65 and a 12 month high of $38.40.
Teladoc (NYSE:TDOC) last issued its earnings results on Wednesday, November 1st. The health services provider reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.25). The firm had revenue of $68.70 million for the quarter, compared to analyst estimates of $67.53 million. Teladoc had a negative return on equity of 29.70% and a negative net margin of 45.64%. The business’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.33) EPS. analysts expect that Teladoc will post -1.56 EPS for the current year.
In other news, VP Mark Hirschhorn sold 35,000 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $32.84, for a total value of $1,149,400.00. Following the completion of the sale, the vice president now directly owns 20,887 shares of the company’s stock, valued at $685,929.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jason N. Gorevic sold 100,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $32.99, for a total transaction of $3,299,000.00. Following the completion of the sale, the chief executive officer now directly owns 718,261 shares of the company’s stock, valued at $23,695,430.39. The disclosure for this sale can be found here. Insiders sold 210,000 shares of company stock valued at $6,889,350 over the last ninety days. Corporate insiders own 4.47% of the company’s stock.
Several large investors have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Teladoc by 1.3% in the second quarter. FMR LLC now owns 8,209,737 shares of the health services provider’s stock valued at $284,879,000 after buying an additional 106,500 shares during the last quarter. BlackRock Inc. raised its holdings in Teladoc by 42.9% during the second quarter. BlackRock Inc. now owns 3,844,402 shares of the health services provider’s stock worth $133,400,000 after purchasing an additional 1,154,852 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Teladoc by 24.4% during the third quarter. JPMorgan Chase & Co. now owns 3,313,729 shares of the health services provider’s stock worth $108,193,000 after purchasing an additional 650,129 shares in the last quarter. Vanguard Group Inc. raised its holdings in Teladoc by 11.5% during the second quarter. Vanguard Group Inc. now owns 3,041,725 shares of the health services provider’s stock worth $105,547,000 after purchasing an additional 314,646 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Teladoc by 2.2% during the third quarter. Eagle Asset Management Inc. now owns 2,106,830 shares of the health services provider’s stock worth $72,053,000 after purchasing an additional 45,794 shares in the last quarter.
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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.
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