Talkspace’s (TALK) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Talkspace (NASDAQ:TALK) in a research note issued to investors on Friday morning,Benzinga reports.

A number of other analysts have also issued reports on TALK. Mizuho began coverage on Talkspace in a report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price target for the company. KeyCorp began coverage on Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price target for the company. Northland Capmk upgraded Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Barclays upped their target price on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Northland Securities started coverage on Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 target price for the company. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $4.38.

Talkspace Stock Performance

Shares of NASDAQ TALK opened at $3.01 on Friday. The firm has a market capitalization of $508.45 million, a price-to-earnings ratio of 301.30 and a beta of 1.14. The stock has a 50 day moving average price of $3.30 and a 200 day moving average price of $2.82. Talkspace has a 52-week low of $1.60 and a 52-week high of $4.36.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $48.72 million during the quarter, compared to analyst estimates of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. Analysts forecast that Talkspace will post 0.08 earnings per share for the current year.

Institutional Trading of Talkspace

A number of hedge funds have recently bought and sold shares of TALK. SG Americas Securities LLC acquired a new position in shares of Talkspace during the third quarter worth $99,000. Creative Planning increased its position in shares of Talkspace by 30.6% during the third quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after purchasing an additional 6,179 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Talkspace during the third quarter worth $84,000. Aigen Investment Management LP increased 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 worth $74,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in shares of Talkspace during the third quarter worth $1,045,000. 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.