Shares of Talkspace, Inc. (NASDAQ:TALK - Get Free Report) shot up 6% on Friday . The company traded as high as $3.85 and last traded at $3.82. 1,753,072 shares were traded during trading, an increase of 53% from the average session volume of 1,144,634 shares. The stock had previously closed at $3.60.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on TALK. Northland Securities began coverage on Talkspace in a research report on Wednesday, November 20th. They set an "outperform" rating and a $5.00 price objective on the stock. Barclays raised their price objective on Talkspace from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. KeyCorp began coverage on Talkspace in a research report on Monday, December 9th. They set an "overweight" rating and a $4.50 price objective on the stock. Mizuho began coverage on Talkspace in a research report on Wednesday, December 4th. They set an "outperform" rating and a $5.00 price objective on the stock. Finally, Northland Capmk raised Talkspace to a "strong-buy" rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $4.38.
View Our Latest Stock Report on Talkspace
Talkspace Price Performance
The firm has a market cap of $677.37 million, a price-to-earnings ratio of -401.00 and a beta of 1.14. The firm has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $2.71.
Institutional Investors Weigh In On Talkspace
Several institutional investors have recently added to or reduced their stakes in TALK. Sugar Maple Asset Management LLC acquired a new stake in Talkspace in the third quarter worth about $33,000. Cibc World Markets Corp purchased a new position in shares of Talkspace in the fourth quarter worth about $36,000. Belvedere Trading LLC purchased a new position in shares of Talkspace in the fourth quarter worth about $37,000. Creative Planning raised its stake 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 purchasing an additional 6,179 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Talkspace in the third quarter worth about $56,000. Institutional investors and hedge funds own 57.37% of the company's stock.
About Talkspace
(
Get Free Report)
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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