Teladoc Health (NYSE:TDOC) Stock Price Down 6.4% – Should You Sell?

Teladoc Health, Inc. (NYSE:TDOCGet Free Report)’s stock price dropped 6.4% on Tuesday . The stock traded as low as $13.65 and last traded at $13.41. Approximately 8,362,461 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 6,515,833 shares. The stock had previously closed at $14.33.

Wall Street Analysts Forecast Growth

TDOC has been the topic of several recent research reports. Bank of America increased their price objective on shares of Teladoc Health from $11.50 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Piper Sandler reissued an “overweight” rating and issued a $13.00 target price (up from $11.00) on shares of Teladoc Health in a report on Wednesday, December 4th. TD Cowen decreased their target price on Teladoc Health from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada lifted their target price on Teladoc Health from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Barclays boosted their price target on Teladoc Health from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Teladoc Health currently has a consensus rating of “Hold” and an average target price of $12.18.

Read Our Latest Analysis on TDOC

Teladoc Health Price Performance

The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $10.52 and a 200 day moving average of $9.41. The stock has a market capitalization of $2.19 billion, a PE ratio of -2.21 and a beta of 1.05.

Insider Activity

In other Teladoc Health news, insider Carlos Nueno sold 2,389 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.93, for a total value of $28,500.77. Following the sale, the insider now owns 2,890 shares of the company’s stock, valued at $34,477.70. This trade represents a 45.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in shares of Teladoc Health by 219.1% in the 3rd quarter. CWM LLC now owns 13,557 shares of the health services provider’s stock valued at $124,000 after purchasing an additional 9,309 shares during the last quarter. Creative Planning grew its position in Teladoc Health by 184.7% during the third quarter. Creative Planning now owns 64,125 shares of the health services provider’s stock valued at $589,000 after acquiring an additional 41,602 shares during the period. Blue Trust Inc. boosted its position in shares of Teladoc Health by 84.5% in the third quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock worth $40,000 after buying an additional 1,854 shares during the period. Signaturefd LLC lifted its holdings in Teladoc Health by 162.7% during the 3rd quarter. Signaturefd LLC now owns 7,535 shares of the health services provider’s stock worth $69,000 after buying an additional 4,667 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Teladoc Health by 26.9% in the 3rd quarter. Private Advisor Group LLC now owns 13,990 shares of the health services provider’s stock valued at $128,000 after acquiring an additional 2,962 shares during the period. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Teladoc Health Company Profile

(Get Free Report)

Teladoc Health, Inc provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems.

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