Talkspace (NASDAQ:TALK) Receives "Sell (D)" Rating from Weiss Ratings

Key Points

• Talkspace's stock received a "sell (D)" rating from Weiss Ratings, indicating analysts' concerns over the company's performance.
• Zacks Research downgraded Talkspace's rating from "hold" to "strong sell", while the stock has a current average price target of $4.50 based on a "Moderate Buy" consensus rating.
• Institutional investors hold a significant share in Talkspace, with a combined ownership of 57.37% of the company's stock after multiple hedge funds increased their positions recently.

Talkspace (NASDAQ:TALK - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research cut shares of Talkspace from a "hold" rating to a "strong sell" rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $4.50.

Talkspace Price Performance

NASDAQ:TALK opened at $2.82 on Wednesday. The stock has a market cap of $472.27 million, a P/E ratio of 141.07 and a beta of 1.12. Talkspace has a one year low of $2.22 and a one year high of $4.36. The company has a fifty day moving average price of $2.61 and a 200 day moving average price of $2.76.

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

Institutional Investors Weigh In On Talkspace

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Talkspace by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company's stock worth $19,585,000 after purchasing an additional 469,543 shares in the last quarter. American Century Companies Inc. increased its position in shares of Talkspace by 4.7% during the 2nd quarter. American Century Companies Inc. now owns 6,750,434 shares of the company's stock worth $18,766,000 after purchasing an additional 300,476 shares in the last quarter. Deutsche Bank AG increased its position in shares of Talkspace by 10.6% during the 1st quarter. Deutsche Bank AG now owns 5,104,995 shares of the company's stock worth $13,069,000 after purchasing an additional 489,510 shares in the last quarter. AWM Investment Company Inc. increased its position in shares of Talkspace by 3.9% during the 1st quarter. AWM Investment Company Inc. now owns 3,968,500 shares of the company's stock worth $10,159,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Talkspace by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,172,179 shares of the company's stock worth $8,820,000 after purchasing an additional 25,508 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company's stock.

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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