VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Teladoc Health, Inc. (NYSE:TDOC – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 170,625 shares of the health services provider’s stock, valued at approximately $1,447,000.
Other large investors also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Teladoc Health in the second quarter worth approximately $25,000. Twin Lakes Capital Management LLC acquired a new stake in shares of Teladoc Health during the second quarter worth approximately $26,000. Nykredit A S purchased a new position in Teladoc Health during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its position in Teladoc Health by 694.5% during the first quarter. EverSource Wealth Advisors LLC now owns 5,657 shares of the health services provider’s stock valued at $31,000 after purchasing an additional 4,945 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Teladoc Health by 177.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the health services provider’s stock valued at $31,000 after buying an additional 2,810 shares during the period. Institutional investors and hedge funds own 76.82% of the company’s stock.
Teladoc Health Stock Performance
Shares of NYSE TDOC opened at $6.16 on Friday. The business’s 50-day simple moving average is $7.51 and its 200-day simple moving average is $6.75. Teladoc Health, Inc. has a 52 week low of $4.40 and a 52 week high of $9.89. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -6.22 and a beta of 2.12.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Citigroup cut their target price on shares of Teladoc Health from $11.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Bank of America upped their price target on shares of Teladoc Health from $9.00 to $10.50 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group cut their price objective on Teladoc Health from $11.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Teladoc Health in a research report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.54.
Get Our Latest Stock Analysis on TDOC
About Teladoc Health
Teladoc Health, Inc is a virtual healthcare company that provides telehealth services and technology to individuals, employers, health plans, health systems and other organizations. Its platform enables patients to connect with healthcare professionals remotely through phone, video and digital tools, supporting access to medical care across a range of specialties.
The company’s offerings include general medical consultations, mental health services through BetterHelp, expert medical opinions, chronic condition management and digital health programs.
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