Teladoc Inc (NYSE:TDOC) – Investment analysts at Oppenheimer lifted their FY2017 earnings estimates for shares of Teladoc in a research note issued on Tuesday, according to Zacks Investment Research. Oppenheimer analyst M. Naidu now forecasts that the health services provider will earn ($1.54) per share for the year, up from their previous estimate of ($1.56). Oppenheimer currently has a “Outperform” rating and a $45.00 target price on the stock. Oppenheimer also issued estimates for Teladoc’s Q4 2017 earnings at ($0.40) EPS, Q2 2018 earnings at ($0.34) EPS, Q3 2018 earnings at ($0.25) EPS, Q4 2018 earnings at ($0.17) EPS, FY2018 earnings at ($1.12) EPS, Q1 2019 earnings at ($0.24) EPS, Q2 2019 earnings at ($0.22) EPS, Q3 2019 earnings at ($0.19) EPS, Q4 2019 earnings at ($0.10) EPS and FY2019 earnings at ($0.75) EPS.
A number of other research analysts also recently weighed in on the company. SunTrust Banks restated a “buy” rating and issued a $40.00 price target on shares of Teladoc in a research note on Friday, November 3rd. Deutsche Bank initiated coverage on Teladoc in a research report on Friday, December 8th. They issued a “buy” rating and a $39.00 price objective for the company. Canaccord Genuity set a $42.00 price objective on Teladoc and gave the company a “buy” rating in a research report on Friday, November 17th. BidaskClub cut Teladoc from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research cut Teladoc from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $39.43.
Teladoc (NYSE TDOC) traded down $1.75 during mid-day trading on Thursday, reaching $35.30. The company’s stock had a trading volume of 1,346,196 shares, compared to its average volume of 1,284,640. The company has a debt-to-equity ratio of 0.83, a quick ratio of 5.08 and a current ratio of 5.08. The company has a market capitalization of $2,013.83, a P/E ratio of -24.51 and a beta of 0.49. Teladoc has a 12-month low of $19.60 and a 12-month high of $38.40.
In related news, CEO Jason N. Gorevic sold 100,000 shares of Teladoc stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $32.99, for a total transaction of $3,299,000.00. Following the completion of the sale, the chief executive officer now directly owns 718,261 shares of the company’s stock, valued at approximately $23,695,430.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Hirschhorn sold 30,000 shares of Teladoc stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $32.99, for a total value of $989,700.00. Following the sale, the chief financial officer now directly owns 5,203 shares of the company’s stock, valued at $171,646.97. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TDOC. SG Americas Securities LLC acquired a new stake in Teladoc during the 4th quarter worth approximately $101,000. ETF Managers Group LLC acquired a new stake in Teladoc during the 2nd quarter worth approximately $104,000. Pacad Investment Ltd. acquired a new stake in Teladoc during the 2nd quarter worth approximately $135,000. Fred Alger Management Inc. bought a new position in Teladoc during the 2nd quarter worth $139,000. Finally, Ameritas Investment Partners Inc. increased its stake in 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 period.
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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.
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