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

Talkspace, Inc. (NASDAQ:TALK) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $5.5625.

Separately, Weiss Ratings lowered shares of Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th.

Talkspace Price Performance

TALK opened at $5.21 on Friday. The firm has a market capitalization of $872.73 million, a PE ratio of 521.52 and a beta of 1.07. The business’s 50-day moving average is $5.21 and its two-hundred day moving average is $4.85. Talkspace has a 1 year low of $2.22 and a 1 year high of $5.25.

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

Insider Buying and Selling at Talkspace

In related news, insider John Charles Reilly sold 40,289 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $5.20, for a total value of $209,502.80. Following the transaction, the insider directly owned 1,017,686 shares of the company’s stock, valued at $5,291,967.20. This represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talkspace

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. purchased a new position in shares of Talkspace during the 1st quarter valued at about $15,536,000. Mak Capital One LLC purchased a new position in Talkspace in the fourth quarter valued at $8,042,000. Stoic Point Capital Management LLC acquired a new position in shares of Talkspace in the fourth quarter worth about $7,554,000. Metavasi Capital LP increased its stake in shares of Talkspace by 77.3% in the 4th quarter. Metavasi Capital LP now owns 2,704,577 shares of the company’s stock valued at $9,818,000 after purchasing an additional 1,179,156 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Talkspace by 14.6% during the fourth quarter. Deutsche Bank AG now owns 7,094,525 shares of the company’s stock worth $25,753,000 after purchasing an additional 905,304 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

About Talkspace

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.