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

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

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

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $3.01 on Friday. The business’s 50 day moving average price is $3.30 and its 200-day moving average price is $2.81. The firm has a market capitalization of $508.45 million, a PE ratio of 301.30 and a beta of 1.14. Talkspace has a 1 year low of $1.60 and a 1 year high of $4.36.

Talkspace (NASDAQ:TALK) last released 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. The company had revenue of $48.72 million for the quarter, compared to analyst estimates of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. As a group, analysts expect that Talkspace will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Talkspace

Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning raised its holdings in shares of 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 buying an additional 6,179 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Talkspace by 27.1% in the 3rd quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock valued at $86,000 after buying an additional 8,764 shares during the period. Aigen Investment Management LP raised its holdings in shares of Talkspace by 37.8% in the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after buying an additional 9,766 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Talkspace by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company’s stock valued at $1,203,000 after buying an additional 10,835 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Talkspace by 27.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,177 shares of the company’s stock worth $156,000 after purchasing an additional 10,849 shares during the period. Hedge funds and other 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.