Teladoc Inc. (TDOC) Coverage Initiated at Craig Hallum
Research analysts at Craig Hallum began coverage on shares of Teladoc Inc. (NYSE:TDOC) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the stock.
TDOC has been the subject of several other reports. Deutsche Bank AG decreased their price objective on shares of Teladoc from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. FBR & Co decreased their price objective on shares of Teladoc from $34.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. set a $23.00 price objective on shares of Teladoc and gave the stock a “buy” rating in a research note on Sunday, October 30th. Zacks Investment Research downgraded shares of Teladoc from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Finally, Chardan Capital assumed coverage on shares of Teladoc in a research note on Wednesday, November 16th. They set a “buy” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Teladoc currently has an average rating of “Buy” and a consensus target price of $22.91.
Shares of Teladoc (NYSE:TDOC) opened at 18.15 on Monday. The firm’s market capitalization is $835.48 million. The company’s 50-day moving average is $16.69 and its 200 day moving average is $15.86. Teladoc has a 52 week low of $9.08 and a 52 week high of $22.00.
Teladoc (NYSE:TDOC) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.03. Teladoc had a negative net margin of 69.15% and a negative return on equity of 32.68%. The firm earned $32.40 million during the quarter, compared to analyst estimates of $32.29 million. During the same quarter in the prior year, the business posted ($0.35) earnings per share. Teladoc’s revenue for the quarter was up 62.0% compared to the same quarter last year. Analysts anticipate that Teladoc will post ($1.42) EPS for the current fiscal year.
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In other Teladoc news, VP Mark Hirschhorn sold 5,000 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $17.50, for a total transaction of $87,500.00. Following the transaction, the vice president now directly owns 267,687 shares in the company, valued at approximately $4,684,522.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.94% of the company’s stock.
Several hedge funds have recently modified their holdings of TDOC. US Bancorp DE boosted its stake in shares of Teladoc by 31.7% in the second quarter. US Bancorp DE now owns 7,507 shares of the company’s stock worth $120,000 after buying an additional 1,805 shares during the period. American International Group Inc. boosted its stake in shares of Teladoc by 109.4% in the second quarter. American International Group Inc. now owns 11,945 shares of the company’s stock worth $191,000 after buying an additional 6,240 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Teladoc by 9.5% in the third quarter. UBS Asset Management Americas Inc. now owns 12,050 shares of the company’s stock worth $221,000 after buying an additional 1,050 shares during the period. Credit Suisse AG boosted its stake in shares of Teladoc by 4.3% in the third quarter. Credit Suisse AG now owns 12,055 shares of the company’s stock worth $221,000 after buying an additional 498 shares during the period. Finally, Airain ltd acquired a new stake in shares of Teladoc during the second quarter worth $200,000. 53.34% of the stock is currently owned by institutional investors.
Teladoc, Inc, together with its subsidiaries, 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 operates through health services segment. Its solution connects its Members, with its over 3,000 board-certified physicians and behavioral health professionals who treat 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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