UPDATE: Jefferies Starts TalkSpace (TALK) at Hold

December 1, 2021 4:06 PM EST
Get Alerts TALK Hot Sheet
Price: $1.74 +2.35%

Rating Summary:
    3 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 13 | New: 10
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(Updated - December 1, 2021 4:14 PM EST)

Jefferies analyst Glen Santangelo initiates coverage on TalkSpace (NASDAQ: TALK) with a Hold rating and a price target of $2.00.

The analyst comments "While we like the long-term demand thesis for virtual behavioral health care and appreciate the shares are trading at just over $2, we are initiating with a HOLD and $2 PT owing to a lack of clarity on a number of key issues around management, strategy and the stability of operations. In addition, we note the competitive landscape is evolving quite rapidly, which could further dampen the company’s outlook."

For an analyst ratings summary and ratings history on TalkSpace click here. For more ratings news on TalkSpace click here.

Shares of TalkSpace closed at $2.29 yesterday.

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