Analysts Set Talkspace, Inc. (NASDAQ:TALK) Price Target at $5.56

Talkspace, Inc. (NASDAQ:TALK) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.5625.

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

Insider Activity at Talkspace

In other news, insider John Charles Reilly sold 40,289 shares of Talkspace stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $5.20, for a total transaction of $209,502.80. Following the sale, the insider owned 1,017,686 shares of the company’s stock, valued at approximately $5,291,967.20. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talkspace by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company’s stock worth $364,000 after buying an additional 3,924 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Talkspace by 25.8% in the 3rd quarter. Parallel Advisors LLC now owns 19,500 shares of the company’s stock valued at $54,000 after buying an additional 4,000 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Talkspace by 102.1% during the 1st quarter. Royal Bank of Canada now owns 8,192 shares of the company’s stock worth $42,000 after acquiring an additional 4,138 shares during the period. Intech Investment Management LLC boosted its position in shares of Talkspace by 11.9% during the 4th quarter. Intech Investment Management LLC now owns 49,701 shares of the company’s stock valued at $180,000 after acquiring an additional 5,277 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Talkspace by 10.1% during the 4th quarter. Invesco Ltd. now owns 87,765 shares of the company’s stock valued at $319,000 after acquiring an additional 8,015 shares in the last quarter. 57.37% of the stock is owned by institutional investors.

Talkspace Price Performance

NASDAQ TALK opened at $5.21 on Friday. The company’s fifty day moving average is $5.21 and its two-hundred day moving average is $4.86. Talkspace has a 52-week low of $2.22 and a 52-week high of $5.25. The firm has a market capitalization of $872.74 million, a price-to-earnings ratio of 521.52 and a beta of 1.07.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $63.32 million. As a group, sell-side analysts expect that Talkspace will post 0.13 earnings per share for the current fiscal year.

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.