Talkspace’s (TALK) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of Talkspace (NASDAQ:TALK) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

Separately, Zacks Research lowered Talkspace from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Talkspace Stock Up 3.8%

TALK stock opened at $3.02 on Wednesday. The firm has a market cap of $505.76 million, a price-to-earnings ratio of 151.08 and a beta of 1.12. The business’s fifty day simple moving average is $2.63 and its two-hundred day simple moving average is $2.76. Talkspace has a twelve month low of $2.22 and a twelve month high of $4.36.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The firm had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $54.08 million. Talkspace had a net margin of 1.41% and a return on equity of 2.48%. Talkspace has set its FY 2025 guidance at EPS. Research analysts expect that Talkspace will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Talkspace

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Talkspace during the first quarter valued at about $104,000. Josh Arnold Investment Consultant LLC bought a new stake in Talkspace during the first quarter valued at about $640,000. Vanguard Group Inc. boosted its position in Talkspace by 6.5% during the first quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock valued at $19,585,000 after purchasing an additional 469,543 shares in the last quarter. Deutsche Bank AG boosted its position in Talkspace by 10.6% during the first quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock valued at $13,069,000 after purchasing an additional 489,510 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in Talkspace by 138.9% during the first quarter. Ancora Advisors LLC now owns 525,690 shares of the company’s stock valued at $1,346,000 after purchasing an additional 305,660 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.

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.