Insider Selling: Teladoc Health Inc (TDOC) President Sells 69,224 Shares of Stock

Teladoc Health Inc (NYSE:TDOC) President Peter A. Mcclennen sold 69,224 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $66.77, for a total transaction of $4,622,086.48. Following the transaction, the president now owns 12,692 shares in the company, valued at approximately $847,444.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE TDOC traded up $4.77 during midday trading on Wednesday, reaching $68.18. The stock had a trading volume of 139,537 shares, compared to its average volume of 2,099,172. The company has a debt-to-equity ratio of 0.40, a current ratio of 8.99 and a quick ratio of 8.99. The stock has a market cap of $5.04 billion, a PE ratio of -41.28 and a beta of 0.96. Teladoc Health Inc has a 12-month low of $27.30 and a 12-month high of $89.05.

Teladoc Health (NYSE:TDOC) last announced its quarterly earnings data on Thursday, November 1st. The health services provider reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.02. The firm had revenue of $111.00 million during the quarter, compared to analysts’ expectations of $109.94 million. Teladoc Health had a negative net margin of 31.32% and a negative return on equity of 14.05%. The company’s revenue for the quarter was up 61.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.55) earnings per share. On average, research analysts expect that Teladoc Health Inc will post -1.46 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Teladoc Health by 665.4% in the third quarter. SG Americas Securities LLC now owns 22,793 shares of the health services provider’s stock worth $1,968,000 after purchasing an additional 19,815 shares in the last quarter. Motley Fool Wealth Management LLC increased its stake in shares of Teladoc Health by 63.4% in the third quarter. Motley Fool Wealth Management LLC now owns 155,996 shares of the health services provider’s stock worth $13,470,000 after purchasing an additional 60,525 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in shares of Teladoc Health by 50.0% in the third quarter. Motley Fool Asset Management LLC now owns 75,000 shares of the health services provider’s stock worth $6,476,000 after purchasing an additional 25,000 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Teladoc Health by 48.7% in the third quarter. Commonwealth Equity Services LLC now owns 36,378 shares of the health services provider’s stock worth $3,141,000 after purchasing an additional 11,914 shares in the last quarter. Finally, FineMark National Bank & Trust purchased a new stake in shares of Teladoc Health in the third quarter worth $261,000.

A number of research analysts recently weighed in on TDOC shares. Jefferies Financial Group set a $74.00 price objective on shares of Teladoc Health and gave the company a “buy” rating in a research report on Wednesday, July 11th. Citigroup increased their price target on shares of Teladoc Health to $80.00 and gave the stock a “buy” rating in a research report on Thursday, July 19th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price target (up from $63.00) on shares of Teladoc Health in a research report on Wednesday, July 25th. Robert W. Baird increased their price target on shares of Teladoc Health from $50.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $52.00 price target on shares of Teladoc Health in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $82.95.

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Teladoc Health Company Profile

Teladoc Health, Inc provides telehealth services worldwide. It offers a portfolio of services and solutions covering 450 medical subspecialties, such as flu and upper respiratory infections, cancer, and congestive heart failure. The company provides its services through mobile devices, the Internet, video, and phone.

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