Talkspace (NASDAQ:TALK) Hits New 1-Year High at $3.77

Shares of Talkspace, Inc. (NASDAQ:TALK - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $3.77 and last traded at $3.72, with a volume of 146670 shares. The stock had previously closed at $3.64.

Analyst Upgrades and Downgrades

TALK has been the topic of several research analyst reports. Barclays raised their price target on shares of Talkspace from $2.50 to $3.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. TheStreet raised Talkspace from a "d" rating to a "c-" rating in a report on Thursday, February 22nd.

Talkspace Trading Down 0.3 %

The stock has a market capitalization of $613.11 million, a P/E ratio of -30.25 and a beta of 1.26. The firm's fifty day moving average is $2.91 and its 200-day moving average is $2.38.

Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $42.42 million during the quarter, compared to analysts' expectations of $38.30 million. Talkspace had a negative return on equity of 16.06% and a negative net margin of 12.78%. During the same period last year, the firm posted ($0.08) EPS. Equities research analysts expect that Talkspace, Inc. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALK. Two Sigma Investments LP bought a new position in shares of Talkspace in the fourth quarter worth about $25,000. LPL Financial LLC bought a new position in Talkspace in the 3rd quarter worth approximately $26,000. Pathstone Holdings LLC bought a new position in Talkspace in the 4th quarter worth approximately $27,000. Prudential Financial Inc. acquired a new position in Talkspace during the 1st quarter worth $31,000. Finally, WINTON GROUP Ltd bought a new position in Talkspace in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 57.37% of the company's stock.

About Talkspace

Talkspace, Inc operates as a virtual behavioral healthcare company. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans through both business-to-business and business-to-consumer channels. It provides text, audio, and video-based psychotherapy from licensed therapists.