See you at the top! It makes sense, therefore, that bad news for Livongo would also negatively impact Teladoc. The Teladoc-Livongo merger is expected to close later this year. Given just how sharply both stocks have risen in 2020, it's anyone's guess whether the healthcare businesses will be able to sustain their growth in a way that keeps both momentum traders and dedicated shareholders satisfied. Keith Speights owns shares of Livongo Health Inc and Teladoc Health. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. Wall Street analysts typically focus more on the short term than the long term. The company continued its string of impressive performances, pointing to the sound fundamental business prospects for the provider of remote monitoring services for diabetes patients. CEO Zane Burke's comments were positive. Show full articles without "Continue Reading" button for {0} hours. Its diabetes membership more than doubled year over year in the first quarter to over 328,000. The Motley Fool has a disclosure policy. Why the Market Hates the Teladoc-Livongo Deal Apparently, a growth stock plus a growth stock equals a disappointment. Why Livongo Health Stock Is Soaring Today Keith Speights 5/7/2020. Connect with friends faster than ever with the new Facebook app. Why Livongo Health Stock Is Soaring Today. Records have already been broken this hurricane season. Yet the bigger news proved to be Teladoc's purchase of Livongo. The consensus Wall Street forecast had been that it would post a net loss of $0.04 per share. The declines came after Stifel analyst David Grossman downgraded Livongo from a buy recommendation to a hold. Livongo Health, Inc. (NASDAQ:LVGO) of the analysts out of 0 who provided ratings for Livongo Health, Inc. stocks as a “buy” while as overweight, rated it as hold and as sell. But the revenue growth can't match Livongo's pace. Returns as of 10/17/2020. Shares of Livongo Health (NASDAQ: LVGO) were up 11.8% as of noon EDT on Thursday. Markets got a further lift on Wednesday morning, especially with Walt Disney (NYSE:DIS) giving investors a positive surprise. LVGO currently has a short float of 4.69% and public float of 89.19M with average trading volume of 3.17M shares. 10 stocks we like better than Teladoc Health, When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. That's roughly a 10% premium over where Livongo closed Tuesday afternoon. One company whose earnings report seemed to go unnoticed was Livongo Health (NASDAQ:LVGO). When one goes down, the other marches in lockstep. Some Livongo shareholders have to be disappointed at the fact that the deal will force them to accept slower overall growth rates from the combined company. Cumulative Growth of a $10,000 Investment in Stock Advisor, Stock Markets Climb Wednesday Morning; Why Traders Hate the Livongo-Teladoc Deal @themotleyfool #stocks $TDOC $LVGO $^DJI $^GSPC $DIS $^IXIC, Stay-at-Home Stocks Send Markets Soaring Friday, Copyright, Trademark and Patent Information. Livongo's technology platform enables individuals to more effectively manage chronic conditions such as diabetes and hypertension, and includes remote monitoring and real-time personal coaching. Under the terms of the deal, Livongo’s shareholders will receive 0.592 shares of Teladoc plus $11.33 in … Both companies should report quarterly updates before then. The long-term prospects for Livongo and Teladoc appear to be strong. The big jump came after the company announced its first-quarter results following the market close on Wednesday. Livongo now counts more than 410,000 members using its glucose monitoring, up 113% year over year. Since Teladoc and Livongo announced plans to merge earlier this month, the two healthcare stocks have been joined at the hip. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Here's Why I'd Avoid DraftKings Stock Like the Plague Investors are ignoring one of the biggest risks around with this recently-minted highflier. Also, David Grossman kept his price target for Livongo at $137. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. This change lagged the S&P 500's daily gain of 2.66%. With many people now hesitant to visit doctors' offices, Livongo's approach is more attractive than ever. Let's conquer your financial goals together...faster. Connect with friends faster than ever with the new Facebook app. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. For long-term investors, the question is whether Teladoc will help foster Livongo's success or simply subsume it into a slower-growing whole. Why Livongo Health and Teladoc Health Stocks Are Tumbling Today. However, the news in this case doesn't really seem to be all that bad. Shares of Livongo Health (NASDAQ: LVGO) were tumbling 5.2% lower as of 11:25 a.m. EDT on Monday while shares of Teladoc Health (NYSE: TDOC) were down 6.3%. Burke also announced that Livongo is partnering with the Government Employees Health Association to provide its platform for diabetes and hypertension to federal employees, retirees, and their dependents. Its client base in Q1 jumped 44% from the previous quarter to 1,252. Amazon reported a decline in third-quarter earnings after the market closed on Thursday. The company's numbers support Burke's optimistic view. Market data powered by FactSet and Web Financial Group. *Stock Advisor returns as of August 1, 2020, Like us on Facebook to see similar stories, Hundreds gather for Women's March to protest Trump, Barrett nomination, Where to find good, cheap pasta in every state. Livongo Health's financial fortunes should keep on getting better. To see things turn out better than expected, therefore, has given the stock market a shot in the arm. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Teladoc Health wasn't one of them! At its worst levels, Teladoc was down 20%, and closer to 11 a.m. EDT, the stock was still off 15%.
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