Talkspace (NASDAQ:TALK) Shares Down 0.3%

Talkspace, Inc. (NASDAQ:TALK) was down 0.3% during mid-day trading on Thursday . The stock traded as low as $2.97 and last traded at $3.06. Approximately 163,073 shares were traded during trading, a decline of 87% from the average daily volume of 1,236,833 shares. The stock had previously closed at $3.07.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TALK shares. TheStreet upgraded Talkspace from a “d” rating to a “c-” rating in a research report on Thursday, February 22nd. Barclays upped their target price on Talkspace from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd.

Talkspace Stock Up 0.3 %

The stock has a market capitalization of $520.21 million, a price-to-earnings ratio of -25.50 and a beta of 1.26. The business has a 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $2.51.

Talkspace (NASDAQ:TALK) last released its earnings results on Thursday, February 22nd. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $42.42 million during the quarter, compared to the consensus estimate of $38.30 million. Talkspace had a negative return on equity of 16.06% and a negative net margin of 12.78%. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, analysts forecast that Talkspace, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Talkspace

A number of institutional investors and hedge funds have recently modified their holdings of TALK. Shannon River Fund Management LLC acquired a new stake in shares of Talkspace during the 4th quarter valued at $12,700,000. G2 Investment Partners Management LLC lifted its position in shares of Talkspace by 522.3% during the 4th quarter. G2 Investment Partners Management LLC now owns 2,874,417 shares of the company’s stock valued at $7,301,000 after acquiring an additional 2,412,531 shares during the last quarter. AWM Investment Company Inc. lifted its position in shares of Talkspace by 94.2% during the 3rd quarter. AWM Investment Company Inc. now owns 2,287,724 shares of the company’s stock valued at $4,461,000 after acquiring an additional 1,109,876 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Talkspace during the 3rd quarter valued at $1,787,000. Finally, Essex Investment Management Co. LLC lifted its position in shares of Talkspace by 11.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,420,067 shares of the company’s stock valued at $2,769,000 after acquiring an additional 151,218 shares during 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.