KeyCorp Begins Coverage on Talkspace (NASDAQ:TALK)

KeyCorp began coverage on shares of Talkspace (NASDAQ:TALK - Free Report) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued an overweight rating and a $4.50 price objective on the stock.

Several other brokerages have also weighed in on TALK. Northland Capmk upgraded shares of Talkspace to a "strong-buy" rating in a research report on Wednesday, November 20th. Barclays lifted their price objective on Talkspace from $2.00 to $3.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research report on Wednesday, October 30th. Mizuho began coverage on Talkspace in a research note on Wednesday, December 4th. They issued an "outperform" rating and a $5.00 price target on the stock. Finally, Northland Securities began coverage on Talkspace in a research note on Wednesday, November 20th. They set an "outperform" rating and a $5.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4.38.

Talkspace Stock Down 2.3 %

Talkspace stock traded down $0.08 during trading hours on Monday, hitting $3.41. The stock had a trading volume of 1,812,955 shares, compared to its average volume of 1,617,535. The company has a 50-day moving average of $2.98 and a two-hundred day moving average of $2.41. Talkspace has a fifty-two week low of $1.60 and a fifty-two week high of $3.92. The company has a market cap of $576.02 million, a PE ratio of -349.00 and a beta of 1.12.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. The firm had revenue of $47.40 million during the quarter, compared to analysts' expectations of $47.50 million. During the same period last year, the business earned ($0.03) earnings per share. As a group, analysts forecast that Talkspace will post -0.02 EPS for the current fiscal year.

Insider Activity at Talkspace

In related news, CFO Ian Jiro Harris acquired 23,100 shares of the stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $2.11 per share, for a total transaction of $48,741.00. Following the transaction, the chief financial officer now owns 397,657 shares of the company's stock, valued at $839,056.27. The trade was a 6.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.70% of the company's stock.

Institutional Trading of Talkspace

Several hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in Talkspace by 322.3% in the 3rd quarter. Barclays PLC now owns 175,990 shares of the company's stock worth $368,000 after purchasing an additional 134,313 shares during the last quarter. State Street Corp increased its stake in shares of Talkspace by 36.4% in the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company's stock valued at $4,549,000 after buying an additional 580,826 shares during the period. Clearline Capital LP raised its position in shares of Talkspace by 28.1% during the third quarter. Clearline Capital LP now owns 1,248,756 shares of the company's stock worth $2,610,000 after acquiring an additional 273,994 shares during the last quarter. Josh Arnold Investment Consultant LLC acquired a new position in shares of Talkspace during the third quarter valued at $125,000. Finally, MetLife Investment Management LLC boosted its holdings in Talkspace by 27.1% in the third quarter. MetLife Investment Management LLC now owns 41,140 shares of the company's stock valued at $86,000 after acquiring an additional 8,764 shares during the last quarter. 57.37% of the stock is 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.