Analysts Set Talkspace, Inc. (NASDAQ:TALK) Target Price at $5.13

by · The Cerbat Gem

Talkspace, Inc. (NASDAQ:TALK – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.1250.

Several brokerages recently weighed in on TALK. Zacks Research raised shares of Talkspace from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Talkspace in a report on Monday. Needham & Company LLC raised shares of Talkspace from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Friday, October 31st. Finally, Canaccord Genuity Group raised their target price on shares of Talkspace from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, October 31st.

Get Our Latest Analysis on TALK

Hedge Funds Weigh In On Talkspace

Several institutional investors have recently added to or reduced their stakes in TALK. CWM LLC boosted its stake in Talkspace by 1,230.7% in the 1st quarter. CWM LLC now owns 21,265 shares of the company’s stock worth $54,000 after buying an additional 19,667 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Talkspace during the 1st quarter worth about $54,000. Vanguard Group Inc. boosted its position in shares of Talkspace by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock worth $19,585,000 after acquiring an additional 469,543 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Talkspace by 10.6% in the first quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock worth $13,069,000 after acquiring an additional 489,510 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Talkspace in the first quarter valued at approximately $573,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Stock Performance

TALK stock opened at $3.37 on Friday. The stock’s 50 day moving average price is $3.00 and its 200 day moving average price is $2.82. The firm has a market cap of $557.61 million, a P/E ratio of 112.24 and a beta of 1.14. Talkspace has a 1 year low of $2.22 and a 1 year high of $4.36.

Talkspace (NASDAQ:TALK – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Talkspace had a return on equity of 3.75% and a net margin of 1.98%.The company had revenue of $59.38 million during the quarter, compared to analysts’ expectations of $57.45 million. Talkspace has set its FY 2025 guidance at EPS. On average, research analysts predict that Talkspace will post 0.08 earnings per share for the current year.

About Talkspace

(Get Free Report)

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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