Teladoc Health (NYSE:TDOC) Trading Up 8.5% – What’s Next?

Teladoc Health, Inc. (NYSE:TDOC) shares were up 8.5% during mid-day trading on Friday . The stock traded as high as $9.39 and last traded at $9.33. Approximately 5,597,027 shares were traded during trading, a decline of 19% from the average daily volume of 6,946,522 shares. The stock had previously closed at $8.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TDOC shares. Zacks Research upgraded shares of Teladoc Health from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Mizuho started coverage on shares of Teladoc Health in a research report on Friday, July 25th. They set a “neutral” rating and a $10.00 target price on the stock. Citigroup lifted their price target on Teladoc Health from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Teladoc Health in a research report on Friday. Finally, Evercore ISI raised their price objective on Teladoc Health from $8.00 to $9.00 and gave the company an “in-line” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.97.

Teladoc Health Trading Up 10.3%

The company’s 50 day simple moving average is $8.11 and its 200-day simple moving average is $7.67. The firm has a market cap of $1.68 billion, a P/E ratio of -7.97 and a beta of 1.90. The company has a quick ratio of 2.58, a current ratio of 2.67 and a debt-to-equity ratio of 0.70.

Teladoc Health (NYSE:TDOC) last issued its quarterly earnings results on Tuesday, July 29th. The health services provider reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. Teladoc Health had a negative return on equity of 10.13% and a negative net margin of 8.16%.The firm had revenue of $631.90 million for the quarter, compared to the consensus estimate of $621.91 million. During the same period in the prior year, the business posted ($0.38) earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Teladoc Health has set its Q3 2025 guidance at -0.350–0.200 EPS. FY 2025 guidance at -1.350–1.000 EPS. As a group, research analysts predict that Teladoc Health, Inc. will post -1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teladoc Health

Institutional investors have recently modified their holdings of the stock. Bayforest Capital Ltd purchased a new stake in shares of Teladoc Health in the third quarter valued at approximately $58,000. State of Alaska Department of Revenue purchased a new position in Teladoc Health during the 3rd quarter worth $75,000. KLP Kapitalforvaltning AS raised its position in Teladoc Health by 23.2% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 40,300 shares of the health services provider’s stock valued at $312,000 after purchasing an additional 7,600 shares in the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Teladoc Health by 300.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 80,000 shares of the health services provider’s stock worth $618,000 after buying an additional 60,000 shares during the period. Finally, Wealth Management Associates Inc. grew its position in shares of Teladoc Health by 15.5% during the 3rd quarter. Wealth Management Associates Inc. now owns 67,525 shares of the health services provider’s stock worth $522,000 after buying an additional 9,075 shares in the last quarter. 76.82% of the stock is owned by hedge funds and other institutional investors.

About Teladoc Health

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.