Teladoc Health Sees Unusually Large Options Volume (NYSE:TDOC)

Teladoc Health, Inc. (NYSE:TDOC) was the target of unusually large options trading on Thursday. Stock investors purchased 56,595 call options on the company. This represents an increase of approximately 307% compared to the average daily volume of 13,903 call options.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TDOC shares. Piper Sandler reaffirmed an “overweight” rating and issued a $13.00 price target (up previously from $11.00) on shares of Teladoc Health in a report on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of Teladoc Health from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, January 24th. TD Cowen lowered their price target on shares of Teladoc Health from $9.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group started coverage on shares of Teladoc Health in a report on Friday, November 15th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Oppenheimer reduced their price objective on shares of Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.97.

Teladoc Health Price Performance

Shares of TDOC opened at $12.00 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -2.08 and a beta of 1.04. Teladoc Health has a twelve month low of $6.76 and a twelve month high of $21.74. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $10.03 and a two-hundred day moving average of $9.11.

Insiders Place Their Bets

In other Teladoc Health news, insider Carlos Nueno sold 2,389 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.93, for a total transaction of $28,500.77. Following the completion of the transaction, the insider now owns 2,890 shares of the company’s stock, valued at $34,477.70. This represents a 45.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teladoc Health

Several institutional investors and hedge funds have recently made changes to their positions in TDOC. Whipplewood Advisors LLC purchased a new stake in Teladoc Health in the fourth quarter valued at $29,000. Versant Capital Management Inc boosted its holdings in Teladoc Health by 313.8% in the fourth quarter. Versant Capital Management Inc now owns 3,219 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 2,441 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Teladoc Health by 78.9% in the fourth quarter. Lindbrook Capital LLC now owns 3,654 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 1,612 shares during the last quarter. Blue Trust Inc. boosted its holdings in Teladoc Health by 84.5% in the third quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider’s stock valued at $40,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Teladoc Health by 162.7% in the third quarter. Signaturefd LLC now owns 7,535 shares of the health services provider’s stock valued at $69,000 after purchasing an additional 4,667 shares during the last quarter. 76.82% of the stock is currently owned by institutional investors and hedge funds.

Teladoc Health Company Profile

Teladoc Health, Inc provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems.