Stock Traders Buy Large Volume of Teladoc Health Call Options (NYSE:TDOC)

Teladoc Health, Inc. (NYSE:TDOC) saw unusually large options trading on Thursday. Investors bought 33,742 call options on the stock. This represents an increase of approximately 66% compared to the average volume of 20,354 call options.

Teladoc Health Trading Down 2.5 %

NYSE TDOC opened at $9.16 on Friday. The firm has a market cap of $1.59 billion, a P/E ratio of -1.59 and a beta of 1.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.69. The stock’s 50-day moving average is $10.62 and its 200-day moving average is $9.61. Teladoc Health has a one year low of $6.76 and a one year high of $15.95.

Teladoc Health (NYSE:TDOC) last released its quarterly earnings results on Wednesday, February 26th. The health services provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business had revenue of $640.49 million for the quarter, compared to analyst estimates of $639.44 million. Teladoc Health had a negative return on equity of 10.06% and a negative net margin of 37.91%. Sell-side analysts anticipate that Teladoc Health will post -1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Teladoc Health

Hedge funds have recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new stake in shares of Teladoc Health during the fourth quarter worth about $29,000. Versant Capital Management Inc grew its holdings in shares of Teladoc Health by 313.8% during the fourth quarter. Versant Capital Management Inc now owns 3,219 shares of the health services provider’s stock worth $29,000 after buying an additional 2,441 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Teladoc Health by 78.9% during the fourth quarter. Lindbrook Capital LLC now owns 3,654 shares of the health services provider’s stock worth $33,000 after buying an additional 1,612 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Teladoc Health by 776.7% during the fourth quarter. Sterling Capital Management LLC now owns 4,629 shares of the health services provider’s stock worth $42,000 after buying an additional 4,101 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Teladoc Health during the fourth quarter worth about $60,000. Institutional investors and hedge funds own 76.82% of the company’s stock.

Analyst Upgrades and Downgrades

TDOC has been the topic of several research reports. Oppenheimer cut their price target on Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada upped their price target on Teladoc Health from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Piper Sandler cut their price target on Teladoc Health from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Teladoc Health in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group cut their price target on Teladoc Health from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Teladoc Health presently has an average rating of “Hold” and a consensus price target of $11.26.

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.