Teladoc (TDOC) Gets a Hold from Bank of America Securities

In a report released today, Allen Lutz from Bank of America Securities reiterated a Hold rating on Teladoc (TDOCResearch Report), with a price target of $32.00. The company’s shares closed yesterday at $30.74.

According to TipRanks, Lutz is a 2-star analyst with an average return of 2.0% and a 61.11% success rate.

Teladoc has an analyst consensus of Moderate Buy, with a price target consensus of $33.10, implying a 7.68% upside from current levels. In a report released on January 18, Barclays also maintained a Hold rating on the stock with a $28.00 price target.

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Based on Teladoc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $611.4 million and a GAAP net loss of $73.48 million. In comparison, last year the company earned a revenue of $521.66 million and had a GAAP net loss of $84.34 million

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDOC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company. The company provides telehealth solutions, expert medical services, medical opinions, artificial intelligence and analytics, behavioral health solutions, guidance and support, and platform and program services.

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