Talkspace, Inc. (NASDAQ:TALK) Short Interest Up 21.6% in April

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,720,000 shares, an increase of 21.6% from the March 31st total of 3,060,000 shares. Approximately 3.1% of the company's stock are sold short. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is currently 2.8 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Talkspace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of Talkspace by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,291,412 shares of the company's stock valued at $21,060,000 after acquiring an additional 123,738 shares during the period. Shannon River Fund Management LLC bought a new position in shares of Talkspace in the 4th quarter valued at about $12,700,000. G2 Investment Partners Management LLC grew its position in shares of Talkspace by 522.3% in the 4th quarter. G2 Investment Partners Management LLC now owns 2,874,417 shares of the company's stock valued at $7,301,000 after acquiring an additional 2,412,531 shares during the period. AWM Investment Company Inc. grew its position in shares of Talkspace by 94.2% in the 3rd quarter. AWM Investment Company Inc. now owns 2,287,724 shares of the company's stock valued at $4,461,000 after acquiring an additional 1,109,876 shares during the period. Finally, Essex Investment Management Co. LLC grew its position in shares of Talkspace by 11.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,420,067 shares of the company's stock valued at $2,769,000 after acquiring an additional 151,218 shares during the period. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Price Performance

TALK stock traded up $0.04 during midday trading on Friday, hitting $3.12. The company's stock had a trading volume of 335,835 shares, compared to its average volume of 1,383,940. Talkspace has a twelve month low of $0.74 and a twelve month high of $3.92. The company's fifty day moving average price is $3.20 and its 200 day moving average price is $2.53. The stock has a market capitalization of $526.97 million, a P/E ratio of -26.00 and a beta of 1.26.

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

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.