Teladoc, Inc. (TDOC) VP Mark Hirschhorn Sells 10,000 Shares of Stock
Teladoc, Inc. (NYSE:TDOC) VP Mark Hirschhorn sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $34.04, for a total value of $340,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mark Hirschhorn also recently made the following trade(s):
- On Friday, September 22nd, Mark Hirschhorn sold 25,000 shares of Teladoc stock. The stock was sold at an average price of $31.93, for a total value of $798,250.00.
Shares of Teladoc, Inc. (NYSE TDOC) traded down 1.72% during trading on Thursday, reaching $34.20. The company’s stock had a trading volume of 236,804 shares. The company has a 50 day moving average of $33.26 and a 200-day moving average of $33.26. Teladoc, Inc. has a 12-month low of $14.00 and a 12-month high of $37.55. The stock’s market cap is $1.94 billion.
Teladoc (NYSE:TDOC) last issued its quarterly earnings results on Wednesday, August 2nd. The health services provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.02). Teladoc had a negative return on equity of 19.88% and a negative net margin of 47.75%. The business had revenue of $44.60 million for the quarter, compared to the consensus estimate of $44.39 million. During the same period in the prior year, the business posted ($0.38) earnings per share. Teladoc’s revenue was up 68.3% on a year-over-year basis. Analysts forecast that Teladoc, Inc. will post ($1.44) EPS for the current year.
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Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its stake in shares of Teladoc by 134.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,724 shares of the health services provider’s stock worth $164,000 after acquiring an additional 2,707 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Teladoc by 101.9% during the 2nd quarter. California State Teachers Retirement System now owns 95,321 shares of the health services provider’s stock worth $3,308,000 after acquiring an additional 48,112 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Teladoc during the 2nd quarter worth approximately $202,000. The Manufacturers Life Insurance Company lifted its stake in shares of Teladoc by 132.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,270 shares of the health services provider’s stock worth $1,432,000 after acquiring an additional 23,553 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Teladoc during the 2nd quarter worth approximately $2,316,000.
A number of analysts recently weighed in on the company. KeyCorp restated a “buy” rating and issued a $37.00 target price on shares of Teladoc in a research report on Sunday, September 17th. Robert W. Baird cut Teladoc from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $14.00 to $36.00 in a research note on Monday, September 18th. Chardan Capital lifted their price target on Teladoc from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. William Blair reaffirmed an “outperform” rating on shares of Teladoc in a research note on Tuesday, June 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 price target (up from $34.00) on shares of Teladoc in a research note on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Teladoc has an average rating of “Buy” and a consensus target price of $38.00.
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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