Teladoc Inc (TDOC) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $-0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.39. The company posted revenue of $26.49 million in the period, compared to analysts expectations of $28.20 million. The company’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.46 EPS.
Many Wall Street Analysts have commented on Teladoc Inc. Shares were Reiterated by FBR Capital on Jul 20, 2016 to “Outperform” and Lowered the Price Target to $ 34 from a previous price target of $36 .Company shares were Reiterated by Piper Jaffray on Jul 11, 2016 to “Overweight”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Teladoc Inc was Initiated by Piper Jaffray to “Overweight” on May 26, 2016.
Teladoc Inc opened for trading at $17.5 and hit $18.03 on the upside on Tusday, eventually ending the session at $17.98, with a gain of 2.51% or 0.44 points. The heightened volatility saw the trading volume jump to 5,35,814 shares. Company has a market cap of $696 M.
In a different news, on Jul 15, 2016, Jason N Gorevic (President & CEO) sold 5,000 shares at $15.45 per share price. According to the SEC, on Jul 1, 2016, James K Outland (director) sold 10,000 shares at $15.00 per share price. On Mar 18, 2016, Dana G Jr. Mead (director) purchased 10,000 shares at $10.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Teladoc Inc. is a telehealth company. The Company offers an on-demand healthcare platform through mobile devices Internet video and phone. Its solution connects consumers with physicians and behavioral health professionals or its providers who treat various conditions and cases from acute diagnoses such as upper respiratory infection urinary tract infection and sinusitis to dermatological conditions anxiety and smoking cessation. The Teladoc solution enables accessing on-demand healthcare for employers health plans and health systems. Its platform provides accessing physicians clinical programs and consumer engagement strategies. Its platform provides for interconnectivity between healthcare constituents. It offers solutions such as remote patient monitoring post-discharge treatment plan adherence and in-home and chronic care. Its customers also include channel partners such as brokers resellers and consultants who sell into a range of small medium and large enterprises.