Brokerages Set Italk Inc (OTCMKTS:TALK) Target Price at $8.93

Italk Inc (OTCMKTS:TALK) has earned a consensus rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.93.

A number of analysts have recently commented on TALK shares. Zacks Investment Research downgraded Italk from a “hold” rating to a “sell” rating in a research note on Thursday, September 9th. Cowen started coverage on Italk in a research note on Tuesday, July 6th. They issued an “outperform” rating and a $13.00 target price on the stock. Citigroup started coverage on Italk in a research report on Thursday, August 19th. They set a “buy” rating and a $7.00 price target on the stock. William Blair started coverage on Italk in a research report on Monday, July 19th. They set an “outperform” rating and a $5.70 price target on the stock. Finally, Robert W. Baird started coverage on Italk in a research report on Thursday, July 8th. They set an “outperform” rating and a $10.00 price target on the stock.

In related news, major shareholder Hudson Executive Capital Lp purchased 142,500 shares of the business’s stock in a transaction that occurred on Monday, August 16th. The stock was purchased at an average price of $5.30 per share, with a total value of $755,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds have recently bought and sold shares of TALK. Norwest Venture Partners Xiii LP acquired a new stake in Italk during the second quarter worth $122,182,000. Revolution Growth Management Company Inc. acquired a new stake in Italk during the second quarter worth $72,223,000. Jennison Associates LLC acquired a new stake in Italk during the second quarter worth $29,813,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Italk during the second quarter worth $30,636,000. Finally, CVI Holdings LLC purchased a new position in shares of Italk during the second quarter worth $14,204,000. 43.53% of the stock is owned by institutional investors.

Shares of TALK traded down $0.19 during trading hours on Thursday, hitting $4.53. The company had a trading volume of 1,406,426 shares, compared to its average volume of 1,287,634. The company’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $2.59. Italk has a one year low of $4.46 and a one year high of $12.45.

About Italk

iTalk, Inc provides retail and wholesale distribution, master agent, turnkey dealer portal, and logistic solutions to the mobility industry in the United States. It primarily offers prepaid and postpaid distribution services. The company's services are delivered through the Internet and terminated through third-party carriers.

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Analyst Recommendations for Italk (OTCMKTS:TALK)

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