Teladoc Inc (TDOC) CEO Jason N. Gorevic Sells 40,000 Shares
Teladoc Inc (NYSE:TDOC) CEO Jason N. Gorevic sold 40,000 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $43.27, for a total transaction of $1,730,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Teladoc Inc (NYSE:TDOC) traded up $0.15 during trading hours on Wednesday, hitting $42.95. 1,029,467 shares of the stock were exchanged, compared to its average volume of 1,120,000. The firm has a market capitalization of $2,600.00 and a price-to-earnings ratio of -20.65. Teladoc Inc has a 1 year low of $20.85 and a 1 year high of $44.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.87 and a quick ratio of 3.87.
TDOC has been the topic of a number of recent analyst reports. Canaccord Genuity upped their price target on shares of Teladoc from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. 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 note on Wednesday, February 28th. Deutsche Bank upped their price target on shares of Teladoc to $45.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. 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 note on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Teladoc from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently 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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