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

Shares of Talkspace, Inc. (NASDAQ:TALK) have received a consensus rating of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $4.00.

Several research analysts have recently weighed in on TALK shares. Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Barclays raised their target price on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Northland Securities assumed coverage on Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 target price for the company. Finally, Mizuho assumed coverage on Talkspace in a report on Wednesday. They issued an “outperform” rating and a $5.00 price target on the stock.

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $3.42 on Wednesday. The company has a market capitalization of $577.71 million, a PE ratio of -342.00 and a beta of 1.12. The business has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $2.40. Talkspace has a 1 year low of $1.60 and a 1 year high of $3.92.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $47.40 million during 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) EPS. Sell-side analysts anticipate that Talkspace will post -0.02 earnings per share for the current year.

Insider Buying and Selling

In other Talkspace news, CFO Ian Jiro Harris acquired 23,100 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $2.11 per share, for a total transaction of $48,741.00. Following the transaction, the chief financial officer now owns 397,657 shares in the company, valued at $839,056.27. This represents a 6.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Talkspace

A number of large investors have recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new stake in shares of Talkspace during the third quarter valued at approximately $33,000. Principal Financial Group Inc. bought a new stake in shares of Talkspace during the second quarter valued at approximately $38,000. Creative Planning boosted 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 valued at $55,000 after purchasing an additional 6,179 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Talkspace during the third quarter valued at approximately $56,000. Finally, Virtu Financial LLC bought a new stake in shares of Talkspace during the first quarter valued at approximately $74,000. 57.37% of the stock is currently owned by institutional investors.

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.