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

Talkspace, Inc. (NASDAQ:TALK) has been given an average rating of “Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.38.

A number of analysts have commented on TALK shares. Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. KeyCorp initiated coverage on Talkspace in a research note on Monday, December 9th. They set an “overweight” rating and a $4.50 price objective on the stock. Northland Securities started coverage on Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. Mizuho initiated coverage on shares of Talkspace in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, Barclays boosted their target price on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th.

Talkspace Stock Performance

Shares of NASDAQ TALK opened at $4.08 on Monday. Talkspace has a 52-week low of $1.60 and a 52-week high of $4.31. The business has a fifty day moving average of $3.27 and a two-hundred day moving average of $2.75. The stock has a market cap of $689.21 million, a PE ratio of -408.00 and a beta of 1.14.

Institutional Trading of Talkspace

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sugar Maple Asset Management LLC bought a new position in Talkspace during the 3rd quarter worth $33,000. Cibc World Markets Corp acquired a new stake in Talkspace during the fourth quarter worth about $36,000. Belvedere Trading LLC bought a new position in Talkspace in the 4th quarter valued at about $37,000. Creative Planning lifted its holdings in shares of Talkspace by 30.6% during the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after acquiring an additional 6,179 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Talkspace during the third quarter valued at approximately $56,000. Institutional investors 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.