Talkspace (NASDAQ:TALK) Upgraded at KeyCorp

KeyCorp upgraded shares of Talkspace (NASDAQ:TALK) to a strong-buy rating in a report published on Sunday morning,Zacks.com reports.

Several other equities analysts also recently commented on TALK. Barclays boosted their price objective on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Northland Capmk raised Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Mizuho began coverage on Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th. Finally, Northland Securities assumed coverage on shares of Talkspace in a report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $4.38.

Talkspace Stock Performance

Talkspace stock opened at $3.46 on Friday. Talkspace has a one year low of $1.60 and a one year high of $3.92. The stock has a fifty day moving average of $3.03 and a 200 day moving average of $2.42. The stock has a market cap of $584.47 million, a PE ratio of -346.00 and a beta of 1.12.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $47.40 million during the quarter, compared to analyst estimates 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 previous year, the company posted ($0.03) earnings per share. As a group, sell-side analysts predict that Talkspace will post -0.02 EPS for the current fiscal year.

Insider Transactions at Talkspace

In other Talkspace news, CFO Ian Jiro Harris purchased 19,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average price of $2.20 per share, with a total value of $42,900.00. Following the acquisition, the chief financial officer now owns 347,057 shares in the company, valued at approximately $763,525.40. The trade was a 5.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.70% of the company’s stock.

Institutional Investors Weigh In On Talkspace

Large investors have recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC purchased a new stake in shares of Talkspace in the third quarter valued at $33,000. Principal Financial Group Inc. purchased a new stake in Talkspace in the 2nd quarter worth about $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 purchasing an additional 6,179 shares during the period. Intech Investment Management LLC bought a new stake in Talkspace in the third quarter worth about $56,000. Finally, Aigen Investment Management LP boosted its position in shares of Talkspace by 37.8% during the third quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after buying an additional 9,766 shares during the period. 57.37% of the stock is owned by institutional investors.

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.