Talkspace, Inc. (NASDAQ:TALK) Receives $4.50 Average PT from Brokerages

Shares of Talkspace, Inc. (NASDAQ:TALK) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.8750.

Several brokerages have issued reports on TALK. Weiss Ratings restated a “sell (d)” rating on shares of Talkspace in a research report on Wednesday, October 8th. Zacks Research lowered Talkspace from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TALK. CenterBook Partners LP raised its holdings in Talkspace by 114.6% during the 2nd quarter. CenterBook Partners LP now owns 2,478,970 shares of the company’s stock worth $6,892,000 after purchasing an additional 1,323,964 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Talkspace by 42.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,021,738 shares of the company’s stock worth $5,620,000 after acquiring an additional 603,252 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Talkspace in the 1st quarter worth about $1,298,000. Deutsche Bank AG raised its position in shares of Talkspace by 10.6% in the 1st quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock worth $13,069,000 after acquiring an additional 489,510 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Talkspace by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock worth $19,585,000 after acquiring an additional 469,543 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.

Talkspace Stock Performance

Shares of NASDAQ:TALK opened at $2.90 on Tuesday. The company has a market capitalization of $485.66 million, a PE ratio of 145.07 and a beta of 1.12. Talkspace has a 52-week low of $2.22 and a 52-week high of $4.36. The company has a fifty day moving average of $2.71 and a 200-day moving average of $2.77.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Talkspace had a return on equity of 2.48% and a net margin of 1.41%.The company had revenue of $59.38 million for the quarter, compared to analysts’ expectations of $57.45 million. Talkspace has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Talkspace will post 0.08 EPS for the current fiscal year.

About Talkspace

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.