KeyCorp Reaffirms Buy Rating for Teladoc (TDOC)

KeyCorp reaffirmed their buy rating on shares of Teladoc (NYSE:TDOC) in a research report sent to investors on Monday. KeyCorp currently has a $39.00 target price on the health services provider’s stock.

A number of other research analysts have also commented on TDOC. BidaskClub raised Teladoc from a sell rating to a hold rating in a report on Wednesday, August 9th. Cowen reissued an outperform rating and set a $39.00 price target on shares of Teladoc in a report on Saturday, September 30th. Piper Jaffray Companies reissued a buy rating and set a $42.00 price target on shares of Teladoc in a report on Friday, September 29th. Cantor Fitzgerald reaffirmed a hold rating and set a $31.00 target price on shares of Teladoc in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised Teladoc from a sell rating to a hold rating in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $39.17.

Shares of Teladoc (NYSE:TDOC) opened at $31.50 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.08 and a quick ratio of 5.08. Teladoc has a 52-week low of $15.65 and a 52-week high of $37.90.

Teladoc (NYSE:TDOC) last issued its quarterly earnings results on Wednesday, November 1st. The health services provider reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.25). The business had revenue of $68.70 million for the quarter, compared to analyst estimates of $67.53 million. Teladoc had a negative net margin of 45.64% and a negative return on equity of 29.70%. Teladoc’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same period last year, the business posted ($0.33) earnings per share. equities research analysts anticipate that Teladoc will post -1.57 EPS for the current year.

In related news, VP Mark Hirschhorn sold 25,000 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $31.93, for a total value of $798,250.00. Following the completion of the transaction, the vice president now owns 64,987 shares in the company, valued at approximately $2,075,034.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason N. Gorevic sold 20,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $32.10, for a total value of $642,000.00. Following the completion of the transaction, the chief executive officer now owns 838,261 shares of the company’s stock, valued at approximately $26,908,178.10. The disclosure for this sale can be found here. Insiders have sold 265,000 shares of company stock valued at $8,697,400 in the last ninety days. Company insiders own 4.47% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Iguana Healthcare Management LLC acquired a new position in shares of Teladoc in the 3rd quarter valued at $1,160,000. Neuberger Berman Group LLC boosted its position in shares of Teladoc by 53.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 25,785 shares of the health services provider’s stock valued at $855,000 after purchasing an additional 8,971 shares during the period. California Public Employees Retirement System boosted its position in shares of Teladoc by 52.1% in the 3rd quarter. California Public Employees Retirement System now owns 11,409 shares of the health services provider’s stock valued at $378,000 after purchasing an additional 3,909 shares during the period. Bamco Inc. NY boosted its position in shares of Teladoc by 751.9% in the 3rd quarter. Bamco Inc. NY now owns 1,455,900 shares of the health services provider’s stock valued at $48,263,000 after purchasing an additional 1,285,000 shares during the period. Finally, Granahan Investment Management Inc. MA purchased a new stake in Teladoc in the 3rd quarter worth about $14,569,000.

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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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