Talkspace, Inc. (NASDAQ:TALK) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Talkspace, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a range of ratings including one sell, two hold, three buy, and two strong buy.
• The average one-year price target for Talkspace is $4.50, while the stock is currently trading at $2.76.
• In its latest earnings report, Talkspace missed EPS estimates but slightly exceeded revenue expectations, reporting $54.31 million in revenue for the quarter.

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.50.

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Talkspace in a research report on Saturday, September 27th.

Talkspace Trading Up 2.2%

Shares of NASDAQ TALK traded up $0.06 during mid-day trading on Friday, reaching $2.76. The company had a trading volume of 1,130,525 shares, compared to its average volume of 1,039,430. The firm has a 50 day simple moving average of $2.59 and a two-hundred day simple moving average of $2.76. The stock has a market cap of $462.22 million, a P/E ratio of 138.07 and a beta of 1.12. Talkspace has a 52-week low of $2.22 and a 52-week high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.00 EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.01). The company had revenue of $54.31 million during the quarter, compared to analysts' expectations of $54.08 million. Talkspace had a net margin of 1.41% and a return on equity of 2.48%. Talkspace has set its FY 2025 guidance at EPS. On average, equities analysts expect that Talkspace will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC purchased a new position in Talkspace during the 2nd quarter worth $28,000. Neuberger Berman Group LLC purchased a new position in Talkspace during the 2nd quarter worth $29,000. Financial Management Professionals Inc. purchased a new position in Talkspace during the 1st quarter worth $29,000. Integrity Alliance LLC. purchased a new position in Talkspace during the 1st quarter worth $35,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Talkspace in the second quarter valued at about $39,000. 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.

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