Talkspace, Inc. (NASDAQ:TALK) Short Interest Update

Talkspace, Inc. (NASDAQ:TALK) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,720,000 shares, a growth of 21.6% from the March 31st total of 3,060,000 shares. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is presently 2.8 days. Currently, 3.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research firms have recently weighed in on TALK. TheStreet upgraded Talkspace from a “d” rating to a “c-” rating in a research note on Thursday, February 22nd. Barclays upped their price objective on Talkspace from $2.50 to $3.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd.

Talkspace Trading Up 1.3 %

Shares of TALK stock traded up $0.04 during trading hours on Friday, hitting $3.12. The company had a trading volume of 335,835 shares, compared to its average volume of 1,383,940. Talkspace has a 12 month low of $0.74 and a 12 month high of $3.92. The firm’s fifty day moving average is $3.20 and its 200 day moving average is $2.53.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $42.42 million for the quarter, compared to analyst estimates 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 company earned ($0.08) EPS. Equities analysts anticipate that Talkspace will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talkspace

Large investors have recently bought and sold shares of the business. Citigroup Inc. lifted its holdings in Talkspace by 53,648.1% during the 3rd quarter. Citigroup Inc. now owns 43,536 shares of the company’s stock worth $85,000 after buying an additional 43,455 shares in the last quarter. Potomac Capital Management Inc. acquired a new position in Talkspace during the 3rd quarter worth $108,000. Bank of New York Mellon Corp lifted its holdings in Talkspace by 65.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 61,167 shares of the company’s stock worth $119,000 after buying an additional 24,185 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Talkspace during the 1st quarter worth $132,000. Finally, WINTON GROUP Ltd lifted its holdings in Talkspace by 294.2% during the 3rd quarter. WINTON GROUP Ltd now owns 100,546 shares of the company’s stock worth $196,000 after buying an additional 75,041 shares in the last quarter. 57.37% of the stock is currently 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.