Piper Sandler Trims Teladoc Health (NYSE:TDOC) Target Price to $40.00

Teladoc Health (NYSE:TDOCGet Rating) had its price objective reduced by analysts at Piper Sandler from $42.00 to $40.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the health services provider’s stock. Piper Sandler’s target price points to a potential upside of 8.55% from the company’s previous close.

Several other research firms have also recently commented on TDOC. Stifel Nicolaus lowered their price target on Teladoc Health from $45.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, June 29th. Argus cut Teladoc Health from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Needham & Company LLC reduced their price objective on Teladoc Health from $100.00 to $48.00 in a research note on Thursday, April 28th. Canaccord Genuity Group reduced their price objective on Teladoc Health from $112.00 to $50.00 in a research note on Thursday, April 28th. Finally, SVB Leerink lowered Teladoc Health from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $79.07.

Teladoc Health Trading Up 3.5 %

Teladoc Health stock opened at $36.85 on Thursday. The company has a current ratio of 3.94, a quick ratio of 3.71 and a debt-to-equity ratio of 0.17. The stock has a market cap of $5.94 billion, a PE ratio of -0.86 and a beta of 0.79. The stock has a 50-day moving average price of $35.94 and a 200 day moving average price of $53.67. Teladoc Health has a 52 week low of $27.38 and a 52 week high of $156.82.

Teladoc Health (NYSE:TDOCGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The health services provider reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.08. The company had revenue of $565.35 million during the quarter, compared to analysts’ expectations of $568.91 million. Teladoc Health had a negative return on equity of 2.12% and a negative net margin of 321.94%. During the same quarter in the previous year, the business earned $0.13 EPS. Equities research analysts predict that Teladoc Health will post -2.05 earnings per share for the current fiscal year.

Insider Activity at Teladoc Health

In related news, CFO Mala Murthy sold 4,053 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $37.32, for a total transaction of $151,257.96. Following the sale, the chief financial officer now directly owns 27,295 shares of the company’s stock, valued at approximately $1,018,649.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Teladoc Health news, SVP Daniel Trencher sold 1,000 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $41.12, for a total value of $41,120.00. Following the sale, the senior vice president now directly owns 27,408 shares of the company’s stock, valued at $1,127,016.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mala Murthy sold 4,053 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $37.32, for a total value of $151,257.96. Following the completion of the sale, the chief financial officer now directly owns 27,295 shares in the company, valued at $1,018,649.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,053 shares of company stock valued at $221,498. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On Teladoc Health

Several large investors have recently added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Teladoc Health during the fourth quarter valued at $30,000. DB Wealth Management Group LLC acquired a new position in shares of Teladoc Health during the first quarter valued at $25,000. McCarthy Asset Management Inc. acquired a new position in shares of Teladoc Health during the first quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Teladoc Health during the first quarter valued at $27,000. Finally, City State Bank acquired a new position in shares of Teladoc Health during the fourth quarter valued at $27,000. 87.17% of the stock is owned by institutional investors and hedge funds.

About Teladoc Health

(Get Rating)

Teladoc Health, Inc provides virtual healthcare services in the United States and internationally. The company offers a portfolio of services and solutions covering non-urgent, episodic, chronic, and complicated medical conditions, including diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and mental health conditions.

Featured Articles

The Fly logo

Analyst Recommendations for Teladoc Health (NYSE:TDOC)

Receive News & Ratings for Teladoc Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teladoc Health and related companies with MarketBeat.com's FREE daily email newsletter.