Talkspace, Inc. (NASDAQ:TALK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Talkspace, Inc. (NASDAQ:TALK) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.8333.

TALK has been the topic of a number of recent analyst reports. Barclays began coverage on Talkspace in a research note on Monday, December 8th. They issued an “equal weight” rating and a $3.50 target price on the stock. Canaccord Genuity Group set a $6.00 price target on shares of Talkspace in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Talkspace in a report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Talkspace in a research report on Monday, December 22nd. Finally, Zacks Research raised shares of Talkspace from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in Talkspace during the 3rd quarter worth $25,000. Cerity Partners LLC purchased a new stake in Talkspace during the second quarter worth $28,000. Neuberger Berman Group LLC purchased a new position in shares of Talkspace in the second quarter valued at $29,000. Xponance Inc. purchased a new position in Talkspace during the 3rd quarter valued at about $31,000. Finally, Nierenberg Investment Management Company Inc. acquired a new stake in shares of Talkspace during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Talkspace Stock Up 0.1%

Shares of NASDAQ TALK opened at $3.59 on Tuesday. Talkspace has a 52-week low of $2.22 and a 52-week high of $4.36. The stock has a market capitalization of $593.89 million, a P/E ratio of 119.51 and a beta of 1.20. The firm’s 50-day moving average price is $3.26 and its two-hundred day moving average price is $2.87.

Talkspace (NASDAQ:TALK) last announced its earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $59.38 million during the quarter, compared to analysts’ expectations of $57.45 million. Talkspace had a return on equity of 3.75% and a net margin of 1.98%. As a group, equities research analysts expect that Talkspace will post 0.08 earnings per share for the current year.

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.