Talkspace (NASDAQ:TALK) Now Covered by Analysts at Mizuho

Stock analysts at Mizuho began coverage on shares of Talkspace (NASDAQ:TALK) in a research note issued on Wednesday, Marketbeat reports. The firm set an “outperform” rating and a $5.00 price target on the stock. Mizuho’s price objective indicates a potential upside of 42.45% from the stock’s current price.

Several other analysts have also recently commented on the stock. Barclays increased their price target on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Northland Securities began coverage on Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Finally, Northland Capmk raised Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.33.

Talkspace Stock Performance

Shares of TALK opened at $3.51 on Wednesday. The stock has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $2.41. The company has a market cap of $592.92 million, a price-to-earnings ratio of -351.00 and a beta of 1.12. Talkspace has a 52-week low of $1.60 and a 52-week high of $3.92.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. The business had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $47.50 million. During the same period in the previous year, the business posted ($0.03) earnings per share. As a group, research analysts predict that Talkspace will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ian Jiro Harris bought 19,500 shares of Talkspace stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of $2.20 per share, with a total value of $42,900.00. Following the purchase, the chief financial officer now owns 347,057 shares in the company, valued at approximately $763,525.40. This trade represents a 5.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 21.70% of the company’s stock.

Hedge Funds Weigh In On Talkspace

Several hedge funds and other institutional investors have recently made changes to their positions in TALK. Creative Planning grew its stake in shares of Talkspace by 30.6% in the third quarter. Creative Planning now owns 26,386 shares of the company’s stock valued at $55,000 after acquiring an additional 6,179 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Talkspace by 27.1% during the third quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock valued at $86,000 after acquiring an additional 8,764 shares during the last quarter. Aigen Investment Management LP grew its position in shares of Talkspace by 37.8% in the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after buying an additional 9,766 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in Talkspace in the third quarter valued at approximately $33,000. Finally, Principal Financial Group Inc. bought a new stake in Talkspace during the second quarter valued at $38,000. 57.37% of the stock is owned by 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.