Talkspace (NASDAQ:TALK) Trading 7.5% Higher – Here’s What Happened

08 Mar 2025, 12:54 by Amy Steele · The Cerbat Gem

Shares of Talkspace, Inc. (NASDAQ:TALK – Get Free Report) rose 7.5% during trading on Thursday . The stock traded as high as $3.01 and last traded at $2.97. Approximately 1,440,438 shares traded hands during trading, a decline of 19% from the average daily volume of 1,769,750 shares. The stock had previously closed at $2.76.

Analyst Ratings Changes

TALK has been the topic of a number of recent analyst reports. Northland Securities initiated coverage on shares of Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price target on the stock. Mizuho started coverage on shares of Talkspace in a report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target on the stock. KeyCorp started coverage on shares of Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a report on Friday, February 21st. Finally, Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $4.38.

View Our Latest Report on Talkspace

Talkspace Trading Up 1.7 %

The company has a market cap of $491.57 million, a P/E ratio of 291.29 and a beta of 1.15. The business’s 50 day simple moving average is $3.25 and its 200 day simple moving average is $2.87.

Talkspace (NASDAQ:TALK – Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. The company had revenue of $48.72 million for the quarter, compared to analysts’ expectations of $49.94 million. Sell-side analysts anticipate that Talkspace, Inc. will post 0.08 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jon R. Cohen acquired 75,000 shares of Talkspace stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $2.86 per share, for a total transaction of $214,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,267,980 shares in the company, valued at approximately $6,486,422.80. This represents a 3.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have bought 82,270 shares of company stock worth $235,312. Company insiders own 21.70% of the company’s stock.

Institutional Investors Weigh In On Talkspace

Institutional investors and hedge funds have recently modified their holdings of the stock. Sugar Maple Asset Management LLC bought a new stake in shares of Talkspace during the third quarter valued at approximately $33,000. Cibc World Markets Corp bought a new stake in shares of Talkspace during the fourth quarter valued at approximately $36,000. Belvedere Trading LLC bought a new stake in shares of Talkspace during the fourth quarter valued at approximately $37,000. Ameriprise Financial Inc. bought a new stake in shares of Talkspace during the fourth quarter valued at approximately $53,000. Finally, Creative Planning raised its position in shares of Talkspace by 30.6% during 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 last quarter. Institutional investors own 57.37% of the company’s stock.

Talkspace Company Profile

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