Talkspace (NASDAQ:TALK) Shares Down 0.3%

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

Wall Street Analyst Weigh In

Several research firms recently commented on TALK. TheStreet raised shares of Talkspace from a “d” rating to a “c-” rating in a report on Thursday, February 22nd. Barclays increased their target price on shares of Talkspace from $2.50 to $3.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd.

Talkspace Trading Up 1.3 %

The company’s fifty day moving average is $3.20 and its 200 day moving average is $2.52. The company has a market cap of $526.97 million, a P/E ratio of -26.00 and a beta of 1.26.

Talkspace (NASDAQ:TALK) last released its earnings results on Thursday, February 22nd. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $42.42 million for the quarter, compared to analyst estimates of $38.30 million. Talkspace had a negative net margin of 12.78% and a negative return on equity of 16.06%. During the same quarter last year, the firm earned ($0.08) EPS. Analysts anticipate that Talkspace, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Talkspace

Several institutional investors have recently added to or reduced their stakes in TALK. Shannon River Fund Management LLC purchased a new stake in Talkspace during the 4th quarter valued at $12,700,000. G2 Investment Partners Management LLC boosted its position in 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 buying an additional 2,412,531 shares during the period. AWM Investment Company Inc. boosted its position in 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 buying an additional 1,109,876 shares during the period. EAM Investors LLC purchased a new stake in 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% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,420,067 shares of the company’s stock worth $2,769,000 after purchasing an additional 151,218 shares during the period. Hedge funds and other institutional investors 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.