Brokerages Set Talkspace, Inc. (NASDAQ:TALK) Target Price at $4.38

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

Several research firms have recently weighed in on TALK. Mizuho assumed coverage on shares of Talkspace in a research report on Wednesday, December 4th. They issued an "outperform" rating and a $5.00 target price on the stock. Barclays raised their price objective on shares of Talkspace from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Northland Securities initiated coverage on Talkspace in a report on Wednesday, November 20th. They set an "outperform" rating and a $5.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a report on Wednesday, October 30th. Finally, Northland Capmk upgraded Talkspace to a "strong-buy" rating in a research report on Wednesday, November 20th.

Talkspace Price Performance

Shares of TALK stock traded down $0.23 during trading hours on Monday, reaching $3.86. The stock had a trading volume of 3,199,065 shares, compared to its average volume of 1,608,808. Talkspace has a twelve month low of $1.60 and a twelve month high of $4.36. The firm has a market capitalization of $652.03 million, a PE ratio of -386.00 and a beta of 1.14. The firm has a 50-day simple moving average of $3.30 and a 200-day simple moving average of $2.79.

Institutional Investors Weigh In On Talkspace

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new position in shares of Talkspace during the 2nd quarter worth approximately $113,000. SG Americas Securities LLC acquired a new position in Talkspace during the third quarter valued at approximately $99,000. Creative Planning lifted its holdings in shares of Talkspace by 30.6% in the third quarter. Creative Planning now owns 26,386 shares of the company's stock worth $55,000 after acquiring an additional 6,179 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Talkspace during the 3rd quarter valued at $84,000. Finally, Aigen Investment Management LP grew its holdings in shares of Talkspace by 37.8% during the third quarter. Aigen Investment Management LP now owns 35,568 shares of the company's stock worth $74,000 after purchasing an additional 9,766 shares during the last quarter. Institutional investors own 57.37% of the company's stock.

About Talkspace

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.