Talkspace, Inc. (NASDAQ:TALK) Given Average Rating of "Hold" by Brokerages

Key Points

• Consensus rating: Nine analysts give Talkspace a consensus rating of "Hold" (eight holds, one buy) with an average 1-year price target of $5.56.
• Recent analyst downgrades: Multiple firms including Northland, William Blair and KeyCorp have cut ratings from "strong-buy"/"overweight" to "hold," and Barclays trimmed its price target to $5.25.
• Financial/stock snapshot: Talkspace reported an EPS of $0.03 (beat $0.02 est.) and $63M revenue last quarter, and the stock trades around $5.19 with a market cap of about $869M and a P/E of ~103.8.

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) has received a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.5625.

A number of research firms recently weighed in on TALK. Northland Securities lowered shares of Talkspace from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. William Blair lowered shares of Talkspace from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 9th. Barclays reduced their price objective on shares of Talkspace from $5.50 to $5.25 and set an "equal weight" rating on the stock in a research report on Monday, March 9th. KeyCorp lowered shares of Talkspace from an "overweight" rating to a "hold" rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen lowered shares of Talkspace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th.

Talkspace Price Performance

Talkspace stock opened at $5.19 on Monday. Talkspace has a 1-year low of $2.22 and a 1-year high of $5.20. The firm has a market capitalization of $869.38 million, a P/E ratio of 103.82 and a beta of 1.07. The company's 50-day moving average is $5.08 and its 200 day moving average is $4.06.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Talkspace had a net margin of 3.40% and a return on equity of 6.89%. The company had revenue of $63.00 million for the quarter, compared to analyst estimates of $61.91 million. Research analysts anticipate that Talkspace will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talkspace

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Talkspace during the third quarter worth approximately $25,000. Cerity Partners LLC purchased a new position in shares of Talkspace during the second quarter worth approximately $28,000. Xponance Inc. purchased a new position in shares of Talkspace during the third quarter worth approximately $31,000. Nierenberg Investment Management Company Inc. purchased a new position in shares of Talkspace during the third quarter worth approximately $32,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Talkspace during the third quarter worth approximately $35,000. 57.37% of the stock is owned by hedge funds and other institutional investors.

Talkspace Company Profile

Talkspace, Inc NASDAQ: TALK is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company's platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company's core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.

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