Talkspace (NASDAQ:TALK) Stock Price Up 4.4%

Talkspace, Inc. (NASDAQ:TALK)’s stock price shot up 4.4% during mid-day trading on Friday . The company traded as high as $3.10 and last traded at $3.10. 234,517 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,241,990 shares. The stock had previously closed at $2.97.

Analyst Ratings Changes

Several brokerages have recently weighed in on TALK. TheStreet upgraded shares of Talkspace from a “d” rating to a “c-” rating in a report on Thursday, February 22nd. Barclays increased their price objective on shares of Talkspace from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd.

Talkspace Stock Performance

The firm has a market capitalization of $530.35 million, a PE ratio of -26.16 and a beta of 1.26. The company’s fifty day moving average price is $3.13 and its two-hundred day moving average price is $2.49.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $42.42 million for the quarter, compared to analyst estimates of $38.30 million. Talkspace had a negative net margin of 12.78% and a negative return on equity of 16.06%. During the same period in the prior year, the firm posted ($0.08) EPS. On average, equities analysts expect that Talkspace, Inc. will post -0.03 earnings per share for the current year.

Institutional Trading of Talkspace

A number of institutional investors and hedge funds have recently bought and sold shares of TALK. Two Sigma Investments LP acquired a new stake in Talkspace during the 4th quarter worth approximately $25,000. LPL Financial LLC acquired a new stake in Talkspace during the 3rd quarter worth approximately $26,000. Pathstone Holdings LLC acquired a new stake in Talkspace during the 4th quarter worth approximately $27,000. Prudential Financial Inc. acquired a new stake in Talkspace during the 1st quarter worth approximately $31,000. Finally, WINTON GROUP Ltd acquired a new stake in Talkspace during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

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.