Talkspace, Inc. (NASDAQ:TALK) Given Consensus Recommendation of “Buy” by Analysts

Talkspace, Inc. (NASDAQ:TALK) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.38.

TALK has been the topic of a number of research reports. Mizuho initiated coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price for the company. Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. KeyCorp assumed coverage on Talkspace in a report on Monday, December 9th. They set an “overweight” rating and a $4.50 price target for the company. Finally, Northland Capmk raised Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new position in shares of Talkspace in the second quarter valued at about $921,000. Royce & Associates LP purchased a new stake in shares of Talkspace during the third quarter worth about $1,045,000. Barclays PLC raised its stake in Talkspace by 322.3% during the 3rd quarter. Barclays PLC now owns 175,990 shares of the company’s stock valued at $368,000 after purchasing an additional 134,313 shares during the period. State Street Corp lifted its holdings in Talkspace by 36.4% in the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company’s stock worth $4,549,000 after purchasing an additional 580,826 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Talkspace by 27.1% in the 3rd quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock worth $86,000 after purchasing an additional 8,764 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.

Talkspace Price Performance

NASDAQ TALK opened at $3.16 on Thursday. The stock has a market capitalization of $533.79 million, a price-to-earnings ratio of -316.00 and a beta of 1.14. Talkspace has a 1-year low of $1.60 and a 1-year high of $3.92. The business’s fifty day moving average price is $3.20 and its 200-day moving average price is $2.58.

Talkspace (NASDAQ:TALK) last posted its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $47.50 million. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Equities research analysts anticipate that Talkspace will post 0.02 EPS for the current 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.