Analysts Set Talkspace, Inc. (NASDAQ:TALK) PT at $4.38

Shares of Talkspace, Inc. (NASDAQ:TALK) have been assigned an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $4.38.

TALK has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Northland Capmk raised Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Barclays increased their target price on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. KeyCorp initiated coverage on Talkspace in a report on Monday, December 9th. They set an “overweight” rating and a $4.50 price target on the stock. Finally, Mizuho assumed coverage on shares of Talkspace in a report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective for the company.

Talkspace Trading Down 5.6 %

Shares of Talkspace stock opened at $3.86 on Monday. The firm’s 50 day moving average is $3.30 and its 200 day moving average is $2.79. The firm has a market capitalization of $652.03 million, a PE ratio of -386.00 and a beta of 1.14. Talkspace has a 1 year low of $1.60 and a 1 year high of $4.36.

Hedge Funds Weigh In On Talkspace

A number of hedge funds have recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new stake in Talkspace during the 3rd quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new stake in shares of Talkspace during the fourth quarter worth $36,000. Belvedere Trading LLC acquired a new stake in shares of Talkspace during the fourth quarter worth $37,000. Ameriprise Financial Inc. bought a new position in Talkspace during the fourth quarter worth $53,000. Finally, Creative Planning lifted its holdings in 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 buying an additional 6,179 shares during the period. 57.37% of the stock is currently owned by institutional investors.

About Talkspace

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.