Olympiad Research LP Purchases New Stake in Teladoc Health, Inc. (NYSE:TDOC)

Olympiad Research LP purchased a new stake in shares of Teladoc Health, Inc. (NYSE:TDOC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 20,457 shares of the health services provider’s stock, valued at approximately $186,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of Teladoc Health by 27.1% during the 4th quarter. Handelsbanken Fonder AB now owns 36,600 shares of the health services provider’s stock valued at $333,000 after acquiring an additional 7,800 shares in the last quarter. Ieq Capital LLC acquired a new stake in Teladoc Health in the fourth quarter worth $111,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Teladoc Health in the fourth quarter worth $272,000. Rhumbline Advisers increased its position in Teladoc Health by 1.8% in the fourth quarter. Rhumbline Advisers now owns 281,420 shares of the health services provider’s stock worth $2,558,000 after buying an additional 5,018 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Teladoc Health in the fourth quarter worth $2,859,000. 76.82% of the stock is owned by institutional investors and hedge funds.

Teladoc Health Trading Down 9.3 %

Shares of TDOC stock opened at $11.52 on Monday. The stock has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $9.47. Teladoc Health, Inc. has a fifty-two week low of $6.76 and a fifty-two week high of $15.95. The stock has a market capitalization of $1.98 billion, a P/E ratio of -2.00 and a beta of 1.05. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.66.

Insider Activity at Teladoc Health

In related news, insider Carlos Nueno sold 2,389 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.93, for a total value of $28,500.77. Following the completion of the transaction, the insider now owns 2,890 shares in the company, valued at $34,477.70. This trade represents a 45.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TDOC has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $13.00 target price (up from $11.00) on shares of Teladoc Health in a research report on Wednesday, December 4th. TD Cowen dropped their target price on Teladoc Health from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on Teladoc Health from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Oppenheimer lowered their price target on Teladoc Health from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Teladoc Health from $10.00 to $12.00 and gave the company a “hold” rating in a report on Friday, November 1st. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Teladoc Health currently has a consensus rating of “Hold” and a consensus price target of $11.81.

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.