Talkspace, Inc. (NASDAQ:TALK) Receives Consensus Recommendation of “Hold” from Analysts

Talkspace, Inc. (NASDAQ:TALK) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.5625.

Several equities analysts have weighed in on TALK shares. Needham & Company LLC cut Talkspace from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. William Blair cut Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Northland Securities cut Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. KeyCorp cut Talkspace from an “overweight” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Barclays dropped their price objective on Talkspace from $5.50 to $5.25 and set an “equal weight” rating on the stock in a research note on Monday, March 9th.

Talkspace Price Performance

Shares of NASDAQ TALK opened at $5.19 on Friday. The stock has a market capitalization of $869.38 million, a P/E ratio of 519.52 and a beta of 1.07. The company has a 50-day moving average price of $5.18 and a 200-day moving average price of $4.34. Talkspace has a 1 year low of $2.22 and a 1 year high of $5.20.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Talkspace had a net margin of 0.49% and a return on equity of 1.03%. The company had revenue of $61.68 million for the quarter, compared to the consensus estimate of $63.32 million. As a group, equities research analysts anticipate that Talkspace will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talkspace

Several large investors have recently bought and sold shares of the stock. Royce & Associates LP boosted its stake in Talkspace by 526.9% in the third quarter. Royce & Associates LP now owns 2,174,262 shares of the company’s stock valued at $6,001,000 after acquiring an additional 1,827,459 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Talkspace by 18.1% in the third quarter. First Eagle Investment Management LLC now owns 1,890,630 shares of the company’s stock valued at $5,218,000 after acquiring an additional 289,500 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Talkspace in the fourth quarter valued at about $450,000. Villere ST Denis J & Co. LLC boosted its stake in Talkspace by 46.9% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 47,000 shares of the company’s stock valued at $171,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Nierenberg Investment Management Company Inc. purchased a new position in Talkspace in the third quarter valued at about $32,000. 57.37% of the stock is currently owned by institutional investors.

Talkspace Company Profile

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.