Talkspace, Inc. (NASDAQ:TALK) Given Average Recommendation of "Buy" by Analysts

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) has earned a consensus recommendation of "Buy" from the seven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.50.

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a research note on Tuesday, May 6th. Canaccord Genuity Group assumed coverage on shares of Talkspace in a report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 target price on the stock.

Talkspace Trading Down 5.9%

Shares of TALK stock traded down $0.17 during trading hours on Friday, hitting $2.70. The company's stock had a trading volume of 1,450,406 shares, compared to its average volume of 1,964,146. The business has a fifty day moving average of $2.99 and a 200-day moving average of $3.05. Talkspace has a twelve month low of $1.60 and a twelve month high of $4.36. The stock has a market cap of $451.76 million, a price-to-earnings ratio of 135.07 and a beta of 1.12.

Insider Buying and Selling at Talkspace

In other Talkspace news, CMO Katelyn Watson sold 39,000 shares of Talkspace stock in a transaction on Friday, June 6th. The shares were sold at an average price of $3.30, for a total value of $128,700.00. Following the transaction, the chief marketing officer now owns 433,997 shares in the company, valued at $1,432,190.10. This trade represents a 8.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TALK. Financial Management Professionals Inc. purchased a new stake in Talkspace during the first quarter valued at about $29,000. Integrity Alliance LLC. purchased a new stake in shares of Talkspace during the 1st quarter worth about $35,000. Cibc World Markets Corp acquired a new stake in Talkspace during the 4th quarter worth approximately $36,000. McAdam LLC acquired a new stake in Talkspace during the 1st quarter worth approximately $44,000. Finally, EntryPoint Capital LLC purchased a new position in Talkspace in the first quarter valued at approximately $45,000. 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.