Talkspace (NASDAQ:TALK) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Talkspace (NASDAQ:TALK) in a research report report published on Friday,Benzinga reports.

TALK has been the topic of a number of other reports. Mizuho assumed coverage on Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price on the stock. Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. KeyCorp initiated coverage on shares of Talkspace in a research note on Monday, December 9th. They issued an “overweight” rating and a $4.50 price objective on the stock. Barclays boosted their target price on shares of Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price target on the stock. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.38.

Talkspace Trading Down 8.5 %

TALK opened at $3.01 on Friday. The company has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $2.80. Talkspace has a 1-year low of $1.60 and a 1-year high of $4.36. The company has a market cap of $508.46 million, a P/E ratio of -301.00 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last issued its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. The business had revenue of $48.72 million during the quarter, compared to analyst estimates of $49.94 million. On average, research analysts forecast that Talkspace will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TALK. Two Sigma Investments LP grew its position in Talkspace by 14.2% in the 4th quarter. Two Sigma Investments LP now owns 668,723 shares of the company’s stock worth $2,066,000 after purchasing an additional 82,921 shares in the last quarter. State of Wyoming purchased a new position in shares of Talkspace in the 4th quarter worth approximately $439,000. Tema Etfs LLC bought a new position in shares of Talkspace in the fourth quarter valued at approximately $81,000. ProShare Advisors LLC increased its position in shares of Talkspace by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 34,622 shares of the company’s stock valued at $107,000 after acquiring an additional 11,392 shares during the last quarter. Finally, Man Group plc bought a new stake in Talkspace during the fourth quarter worth $481,000. 57.37% of the stock is owned by institutional investors.

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.