Talkspace, Inc. (NASDAQ:TALK) Short Interest Update

Talkspace, Inc. (NASDAQ:TALK) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 5,630,000 shares, a growth of 22.9% from the December 15th total of 4,580,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 1,830,000 shares, the short-interest ratio is currently 3.1 days.

Talkspace Stock Up 1.2 %

Shares of NASDAQ:TALK traded up $0.04 on Friday, hitting $3.08. 122,238 shares of the company traded hands, compared to its average volume of 1,045,445. The company has a market cap of $519.43 million, a PE ratio of -307.60 and a beta of 1.14. The stock has a 50 day simple moving average of $3.22 and a 200-day simple moving average of $2.55. Talkspace has a 52 week low of $1.60 and a 52 week high of $3.92.

Talkspace (NASDAQ:TALK) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $47.50 million. During the same period in the prior year, the firm posted ($0.03) EPS. As a group, sell-side analysts anticipate that Talkspace will post 0.02 earnings per share for the current year.

Institutional Trading of Talkspace

A number of hedge funds have recently bought and sold shares of the company. Sugar Maple Asset Management LLC grew its stake in shares of Talkspace by 75.0% during the 4th quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company’s stock valued at $87,000 after acquiring an additional 12,000 shares during the period. JPMorgan Chase & Co. raised its stake in Talkspace by 448.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company’s stock worth $1,101,000 after acquiring an additional 430,861 shares during the period. Barclays PLC lifted its holdings in Talkspace by 322.3% during the third quarter. Barclays PLC now owns 175,990 shares of the company’s stock valued at $368,000 after purchasing an additional 134,313 shares in the last quarter. State Street Corp boosted its position in shares of Talkspace by 36.4% in the third quarter. State Street Corp now owns 2,176,589 shares of the company’s stock worth $4,549,000 after purchasing an additional 580,826 shares during the period. Finally, Clearline Capital LP increased its stake in shares of Talkspace by 28.1% in the third quarter. Clearline Capital LP now owns 1,248,756 shares of the company’s stock worth $2,610,000 after purchasing an additional 273,994 shares in the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TALK shares. Northland Securities initiated coverage on Talkspace in a report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. KeyCorp initiated coverage on Talkspace in a research note on Monday, December 9th. They issued an “overweight” rating and a $4.50 target price for the company. Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Mizuho began coverage on shares of Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Talkspace presently has an average rating of “Buy” and an average target price of $4.38.

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.