Talkspace, Inc. (NASDAQ:TALK) Receives $5.13 Consensus Target Price from Brokerages

Talkspace, Inc. (NASDAQ:TALK) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.1250.

A number of research firms have commented on TALK. Canaccord Genuity Group increased their target price on Talkspace from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Talkspace in a research report on Monday. Needham & Company LLC raised shares of Talkspace from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Friday, October 31st. Finally, Zacks Research upgraded shares of Talkspace from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st.

Hedge Funds Weigh In On Talkspace

A number of large investors have recently bought and sold shares of TALK. State of Alaska Department of Revenue acquired a new position in Talkspace in the third quarter valued at approximately $25,000. Cerity Partners LLC bought a new stake in shares of Talkspace in the 2nd quarter worth approximately $28,000. Neuberger Berman Group LLC acquired a new position in Talkspace during the 2nd quarter valued at approximately $29,000. Xponance Inc. bought a new position in Talkspace during the 3rd quarter worth $31,000. Finally, Nierenberg Investment Management Company Inc. acquired a new stake in Talkspace in the third quarter worth $32,000. Institutional investors own 57.37% of the company’s stock.

Talkspace Price Performance

NASDAQ TALK opened at $3.41 on Friday. The company has a market capitalization of $564.90 million, a price-to-earnings ratio of 113.70 and a beta of 1.14. Talkspace has a 12 month low of $2.22 and a 12 month high of $4.36. The company’s fifty day moving average price is $2.97 and its two-hundred day moving average price is $2.82.

Talkspace (NASDAQ:TALK) last issued its earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $59.38 million for the quarter, compared to analyst estimates of $57.45 million. Talkspace had a net margin of 1.98% and a return on equity of 3.75%. Talkspace has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Talkspace will post 0.08 EPS for the current year.

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.