Insider Selling: Teladoc Inc (TDOC) Insider Sells 47,123 Shares of Stock
Teladoc Inc (NYSE:TDOC) insider Adam C. Vandervoort sold 47,123 shares of Teladoc stock in a transaction on Monday, March 5th. The shares were sold at an average price of $39.36, for a total value of $1,854,761.28. Following the sale, the insider now directly owns 19,338 shares of the company’s stock, valued at approximately $761,143.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Teladoc Inc (NYSE TDOC) remained flat at $$41.95 on Monday. The stock had a trading volume of 1,677,972 shares, compared to its average volume of 1,150,000. The stock has a market cap of $2,540.00 and a PE ratio of -20.17. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.37. Teladoc Inc has a one year low of $19.60 and a one year high of $42.12.
Several equities research analysts recently issued reports on TDOC shares. Canaccord Genuity lifted their price objective on Teladoc from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Oppenheimer raised their price target on Teladoc from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 21st. Chardan Capital restated a “buy” rating and set a $47.00 price target (down previously from $48.00) on shares of Teladoc in a research report on Wednesday, February 28th. ValuEngine upgraded Teladoc from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald restated a “hold” rating and set a $35.00 price target (up previously from $31.00) on shares of Teladoc in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $40.71.
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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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