Analysts Set Talkspace, Inc. (NASDAQ:TALK) Target Price at $4.50

Talkspace, Inc. (NASDAQ:TALK) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.50.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talkspace in a report on Saturday, September 27th.

Hedge Funds Weigh In On Talkspace

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Talkspace by 6.5% during the first quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock valued at $19,585,000 after purchasing an additional 469,543 shares during the period. American Century Companies Inc. lifted its position in shares of Talkspace by 4.7% during the 2nd quarter. American Century Companies Inc. now owns 6,750,434 shares of the company’s stock valued at $18,766,000 after buying an additional 300,476 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Talkspace by 10.6% during the 1st quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock valued at $13,069,000 after acquiring an additional 489,510 shares during the period. AWM Investment Company Inc. increased its holdings in Talkspace by 3.9% in the 1st quarter. AWM Investment Company Inc. now owns 3,968,500 shares of the company’s stock worth $10,159,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Talkspace by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,172,179 shares of the company’s stock worth $8,820,000 after acquiring an additional 25,508 shares in the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Talkspace Stock Performance

Talkspace stock opened at $2.76 on Friday. Talkspace has a one year low of $2.22 and a one year high of $4.36. The stock has a fifty day moving average of $2.59 and a 200 day moving average of $2.76. The stock has a market cap of $462.22 million, a PE ratio of 138.07 and a beta of 1.12.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.01 by ($0.01). Talkspace had a net margin of 1.41% and a return on equity of 2.48%. The business had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Talkspace will post 0.08 EPS for the current fiscal year.

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.