Talkspace (NASDAQ:TALK) Now Covered by Analysts at KeyCorp

KeyCorp initiated coverage on shares of Talkspace (NASDAQ:TALK) in a report issued on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $4.50 price objective on the stock.

TALK has been the subject of several other research reports. Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Barclays boosted their price objective on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Mizuho began coverage on shares of Talkspace in a report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.38.

Talkspace Stock Down 2.3 %

Shares of TALK stock opened at $3.41 on Monday. Talkspace has a twelve month low of $1.60 and a twelve month high of $3.92. The stock has a market cap of $576.03 million, a price-to-earnings ratio of -341.00 and a beta of 1.12. The business’s fifty day moving average is $3.01 and its 200 day moving average is $2.42.

Talkspace (NASDAQ:TALK) last released its earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. The business had revenue of $47.40 million for the quarter, compared to the consensus estimate of $47.50 million. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. During the same period in the previous year, the company posted ($0.03) earnings per share. Equities research analysts expect that Talkspace will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talkspace news, CFO Ian Jiro Harris bought 23,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $2.11 per share, with a total value of $48,741.00. Following the purchase, the chief financial officer now owns 397,657 shares of the company’s stock, valued at $839,056.27. This trade represents a 6.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talkspace

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in Talkspace by 36.4% during the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company’s stock valued at $4,549,000 after buying an additional 580,826 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Talkspace in the 3rd quarter worth $1,045,000. Dimensional Fund Advisors LP bought a new stake in shares of Talkspace in the 2nd quarter worth about $921,000. Divisadero Street Capital Management LP raised its position in shares of Talkspace by 13.2% during the 2nd quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company’s stock valued at $7,157,000 after buying an additional 361,717 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Talkspace by 2,480.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock valued at $814,000 after purchasing an additional 340,030 shares during the last quarter. Institutional investors own 57.37% of the company’s stock.

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.