Talkspace, Inc. (NASDAQ:TALK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Talkspace, Inc. (NASDAQ:TALK) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.5625.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Talkspace in a research report on Friday, August 7th.

Talkspace Stock Performance

Shares of Talkspace stock opened at $5.25 on Wednesday. The business has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $5.02. Talkspace has a fifty-two week low of $2.49 and a fifty-two week high of $5.25.

Talkspace (NASDAQ:TALK) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Talkspace had a return on equity of 0.17% and a net margin of 0.08%.The firm had revenue of $61.67 million for the quarter, compared to analyst estimates of $67.99 million. Sell-side analysts forecast that Talkspace will post 0.14 EPS for the current year.

Insider Buying and Selling

In related news, insider John Charles Reilly sold 40,289 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $5.20, for a total transaction of $209,502.80. Following the completion of the sale, the insider directly owned 1,017,686 shares in the company, valued at approximately $5,291,967.20. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TALK. Cerity Partners LLC bought a new stake in shares of Talkspace during the 2nd quarter worth $28,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Talkspace during the third quarter worth $35,000. Neuberger Berman Group LLC acquired a new position in shares of Talkspace in the 4th quarter valued at $38,000. Engineers Gate Manager LP acquired a new position in shares of Talkspace in the 2nd quarter valued at $39,000. Finally, Vise Technologies Inc. purchased a new position in Talkspace in the 4th quarter worth about $40,000. Institutional investors own 57.37% of the company’s stock.

Talkspace Company Profile

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.