Talkspace, Inc. (NASDAQ:TALK) Receives $4.38 Average PT from Analysts

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) has been assigned a consensus rating of "Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.38.

Several analysts recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research note on Wednesday, October 30th. Mizuho assumed coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an "outperform" rating and a $5.00 price objective on the stock. Barclays boosted their target price on shares of Talkspace from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Northland Capmk raised shares of Talkspace to a "strong-buy" rating in a research note on Wednesday, November 20th. Finally, KeyCorp assumed coverage on shares of Talkspace in a research note on Monday, December 9th. They issued an "overweight" rating and a $4.50 price target on the stock.

Talkspace Stock Performance

Shares of TALK traded down $0.07 during mid-day trading on Friday, reaching $3.15. The stock had a trading volume of 906,627 shares, compared to its average volume of 1,598,846. The business has a fifty day moving average of $3.21 and a 200 day moving average of $2.47. The firm has a market cap of $532.11 million, a price-to-earnings ratio of -315.00 and a beta of 1.12. Talkspace has a 12 month low of $1.60 and a 12 month high of $3.92.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $47.40 million during the quarter, compared to the consensus estimate of $47.50 million. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. During the same quarter in the prior year, the firm posted ($0.03) EPS.

Institutional Trading of Talkspace

A number of large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Talkspace by 2,480.3% during the second quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company's stock worth $814,000 after buying an additional 340,030 shares during the period. Dimensional Fund Advisors LP bought a new position in Talkspace during the 2nd quarter valued at about $921,000. Divisadero Street Capital Management LP raised its position in Talkspace by 13.2% in the 2nd quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company's stock worth $7,157,000 after purchasing an additional 361,717 shares during the period. Royce & Associates LP bought a new stake in Talkspace in the third quarter worth about $1,045,000. Finally, MetLife Investment Management LLC boosted its position in shares of Talkspace by 27.1% during the third quarter. MetLife Investment Management LLC now owns 41,140 shares of the company's stock valued at $86,000 after buying an additional 8,764 shares during the period. 57.37% of the stock is currently owned by institutional investors.

Talkspace Company Profile

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.