Talkspace’s (TALK) “Hold” Rating Reaffirmed at Needham & Company LLC

Talkspace (NASDAQ:TALK)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports.

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

Talkspace Stock Performance

NASDAQ TALK opened at $3.29 on Friday. Talkspace has a one year low of $1.60 and a one year high of $4.36. The firm has a 50 day simple moving average of $3.30 and a 200-day simple moving average of $2.79. The firm has a market cap of $555.76 million, a price-to-earnings ratio of -329.00 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. Equities analysts predict that Talkspace will post 0.02 EPS for the current fiscal year.

Institutional Trading of Talkspace

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in Talkspace during the third quarter worth approximately $33,000. Cibc World Markets Corp purchased a new stake in Talkspace in the 4th quarter valued at $36,000. Belvedere Trading LLC purchased a new stake in shares of Talkspace in the fourth quarter valued at about $37,000. Ameriprise Financial Inc. purchased a new position in shares of Talkspace during the fourth quarter worth about $53,000. Finally, Creative Planning increased its position in Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock valued at $55,000 after acquiring an additional 6,179 shares during the period. 57.37% of the stock is owned by hedge funds and other 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.