Talkspace, Inc. (NASDAQ:TALK - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $4.15 and last traded at $3.99, with a volume of 602985 shares traded. The stock had previously closed at $3.85.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TALK. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a research note on Wednesday, October 30th. Barclays lifted their price target on Talkspace from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Northland Capmk upgraded Talkspace to a "strong-buy" rating in a report on Wednesday, November 20th. KeyCorp assumed coverage on Talkspace in a report on Monday, December 9th. They set an "overweight" rating and a $4.50 target price on the stock. Finally, Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They issued an "outperform" rating and a $5.00 price target on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Talkspace presently has an average rating of "Buy" and an average price target of $4.38.
View Our Latest Report on TALK
Talkspace Stock Up 1.3 %
The company has a market capitalization of $708.62 million, a price-to-earnings ratio of -419.50 and a beta of 1.14. The business has a 50-day moving average price of $3.24 and a 200-day moving average price of $2.72.
Institutional Trading of Talkspace
Several institutional investors and hedge funds have recently bought and sold shares of TALK. Sugar Maple Asset Management LLC acquired a new position in shares of Talkspace in the third quarter worth about $33,000. Cibc World Markets Corp purchased a new stake in shares of Talkspace in the 4th quarter valued at approximately $36,000. Belvedere Trading LLC acquired a new position in Talkspace in the 4th quarter worth approximately $37,000. Creative Planning grew its position in Talkspace by 30.6% during the 3rd quarter. Creative Planning now owns 26,386 shares of the company's stock worth $55,000 after purchasing an additional 6,179 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Talkspace during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 57.37% of the company's stock.
Talkspace Company Profile
(
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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.
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