Analysts Set Talkspace, Inc. (NASDAQ:TALK) PT at $4.38

Shares of Talkspace, Inc. (NASDAQ:TALK) have received an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.38.

A number of equities research analysts have recently commented on the company. KeyCorp initiated coverage on Talkspace in a research note on Monday, December 9th. They set an “overweight” rating and a $4.50 target price on the stock. Mizuho initiated coverage on Talkspace in a report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective for the company. Northland Capmk raised Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Northland Securities initiated coverage on Talkspace in a report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a report on Wednesday, October 30th.

Talkspace Trading Up 0.3 %

TALK stock opened at $3.20 on Thursday. The firm has a 50-day moving average price of $3.20 and a 200-day moving average price of $2.59. Talkspace has a 12 month low of $1.60 and a 12 month high of $3.92. The stock has a market capitalization of $540.54 million, a P/E ratio of -320.00 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations 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 period last year, the business earned ($0.03) EPS. As a group, equities analysts predict that Talkspace will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Talkspace by 36.4% during the third 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. Clearline Capital LP grew its holdings in shares of Talkspace by 28.1% during the third quarter. Clearline Capital LP now owns 1,248,756 shares of the company’s stock worth $2,610,000 after purchasing an additional 273,994 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Talkspace by 448.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company’s stock worth $1,101,000 after buying an additional 430,861 shares during the last quarter. Royce & Associates LP bought a new stake in Talkspace in the 3rd quarter worth approximately $1,045,000. Finally, Dimensional Fund Advisors LP bought a new stake in Talkspace in the 2nd quarter worth approximately $921,000. Hedge funds and other 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.