Brokerages Set Teladoc Inc (TDOC) Price Target at $41.62

Shares of Teladoc Inc (NYSE:TDOC) have been assigned a consensus rating of “Buy” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.62.

Several research analysts recently weighed in on TDOC shares. Canaccord Genuity upped their price target on Teladoc from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Jefferies Group started coverage on Teladoc in a research report on Friday, January 26th. They set a “buy” rating and a $40.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $41.00 price target on shares of Teladoc in a research report on Wednesday, January 10th. Citigroup initiated coverage on Teladoc in a research report on Thursday, January 4th. They issued a “buy” rating on the stock. Finally, Deutsche Bank upped their target price on Teladoc to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd.

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NYSE:TDOC traded up $1.15 during trading hours on Friday, hitting $40.30. 769,546 shares of the company’s stock traded hands, compared to its average volume of 1,034,588. The firm has a market capitalization of $2,487.56, a price-to-earnings ratio of -24.42 and a beta of 0.36. Teladoc has a twelve month low of $22.73 and a twelve month high of $44.65. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.37.

Teladoc (NYSE:TDOC) last posted its quarterly earnings results on Tuesday, February 27th. The health services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.10). The business had revenue of $77.14 million for the quarter, compared to analyst estimates of $76.14 million. Teladoc had a negative net margin of 45.77% and a negative return on equity of 20.95%. equities analysts forecast that Teladoc will post -1.37 earnings per share for the current year.

In other news, CEO Jason N. Gorevic sold 40,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $43.27, for a total transaction of $1,730,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam C. Vandervoort sold 27,809 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $38.62, for a total value of $1,073,983.58. Following the sale, the insider now owns 19,338 shares of the company’s stock, valued at approximately $746,833.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 364,494 shares of company stock worth $14,665,947. Insiders own 4.47% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDOC. SG Americas Securities LLC bought a new stake in shares of Teladoc during the 4th quarter worth about $101,000. Montag A & Associates Inc. bought a new stake in shares of Teladoc during the 4th quarter worth about $200,000. Xact Kapitalforvaltning AB bought a new stake in shares of Teladoc during the 4th quarter worth about $203,000. Buckley Wealth Management LLC bought a new stake in shares of Teladoc during the 4th quarter worth about $221,000. Finally, California Public Employees Retirement System bought a new stake in shares of Teladoc during the 2nd quarter worth about $260,000.

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Teladoc Company Profile

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.

Analyst Recommendations for Teladoc (NYSE:TDOC)

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