Teladoc Health (NYSE:TDOC) Sees Unusually-High Trading Volume – Here’s What Happened

Teladoc Health, Inc. (NYSE:TDOC) saw an uptick in trading volume on Friday . 5,862,491 shares changed hands during trading, a decline of 12% from the previous session’s volume of 6,698,104 shares.The stock last traded at $9.63 and had previously closed at $8.48.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TDOC. Weiss Ratings reissued a “sell (d-)” rating on shares of Teladoc Health in a research note on Saturday, September 27th. Evercore ISI upped their price target on Teladoc Health from $7.00 to $8.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 9th. Finally, Mizuho started coverage on Teladoc Health in a research note on Friday, July 25th. They issued a “neutral” rating and a $10.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Teladoc Health presently has a consensus rating of “Hold” and a consensus price target of $9.80.

Teladoc Health Stock Performance

The stock has a market capitalization of $1.59 billion, a PE ratio of -7.57 and a beta of 1.90. The business has a 50 day moving average price of $7.66 and a 200 day moving average price of $7.59. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.67 and a quick ratio of 2.58.

Teladoc Health (NYSE:TDOC) last released its earnings results on Tuesday, July 29th. The health services provider reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $621.91 million. During the same period in the prior year, the firm posted ($0.38) earnings per share. The company’s quarterly revenue 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, equities research analysts expect that Teladoc Health, Inc. will post -1.16 earnings per share for the current year.

Institutional Investors Weigh In On Teladoc Health

A number of institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas grew its stake in shares of Teladoc Health by 5.7% in the second quarter. Teacher Retirement System of Texas now owns 26,592 shares of the health services provider’s stock worth $232,000 after acquiring an additional 1,431 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Teladoc Health by 16.8% during the first quarter. Westside Investment Management Inc. now owns 10,750 shares of the health services provider’s stock valued at $86,000 after buying an additional 1,550 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Teladoc Health by 79.4% during the first quarter. National Bank of Canada FI now owns 3,571 shares of the health services provider’s stock valued at $28,000 after buying an additional 1,581 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Teladoc Health by 102.6% during the first quarter. Golden State Wealth Management LLC now owns 3,337 shares of the health services provider’s stock valued at $27,000 after buying an additional 1,690 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Teladoc Health by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,377 shares of the health services provider’s stock valued at $138,000 after buying an additional 2,652 shares during 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.