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

Talkspace, Inc. (NASDAQ:TALK) has been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.38.

A number of equities research analysts recently issued reports on TALK shares. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Barclays boosted their target price on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Northland Securities initiated coverage on Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price target for the company. KeyCorp began coverage on Talkspace in a report on Monday, December 9th. They set an “overweight” rating and a $4.50 target price for the company. Finally, Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th.

Institutional Trading of Talkspace

Hedge funds have recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in shares of Talkspace in the 3rd quarter valued at about $33,000. Principal Financial Group Inc. purchased a new position in Talkspace in the 2nd quarter worth approximately $38,000. Creative Planning raised its position in Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after buying an additional 6,179 shares during the last quarter. Intech Investment Management LLC bought a new position in Talkspace in the third quarter valued at about $56,000. Finally, Aigen Investment Management LP grew its position in shares of Talkspace by 37.8% during the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after acquiring an additional 9,766 shares during the period. Institutional investors own 57.37% of the company’s stock.

Talkspace Price Performance

TALK stock opened at $3.09 on Friday. Talkspace has a 1 year low of $1.60 and a 1 year high of $3.92. The company’s 50-day moving average is $3.22 and its 200-day moving average is $2.48. The stock has a market capitalization of $521.97 million, a PE ratio of -309.00 and a beta of 1.12.

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

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.