Analysts Set Italk Inc (OTCMKTS:TALK) PT at $8.93

Italk Inc (OTCMKTS:TALK) has been given an average rating of “Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.93.

Several research firms have issued reports on TALK. Citigroup began coverage on shares of Italk in a research report on Thursday, August 19th. They issued a “buy” rating and a $7.00 price target on the stock. Cowen initiated coverage on shares of Italk in a research report on Tuesday, July 6th. They issued an “outperform” rating and a $13.00 price target on the stock. William Blair initiated coverage on shares of Italk in a research report on Monday, July 19th. They set an “outperform” rating and a $5.70 target price on the stock. Zacks Investment Research lowered shares of Italk from a “hold” rating to a “sell” rating in a research report on Thursday, September 9th. Finally, SVB Leerink reiterated a “buy” rating on shares of Italk in a research report on Tuesday, August 17th.

TALK traded down $0.19 during trading on Thursday, hitting $4.53. The stock had a trading volume of 1,406,426 shares, compared to its average volume of 1,287,634. Italk has a 12 month low of $4.46 and a 12 month high of $12.45. The company has a 50 day simple moving average of $5.61 and a 200-day simple moving average of $2.59.

In other Italk news, major shareholder Hudson Executive Capital Lp purchased 142,500 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was acquired at an average cost of $5.30 per share, with a total value of $755,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in Italk during the second quarter valued at approximately $278,000. Ancora Advisors LLC acquired a new position in shares of Italk in the second quarter valued at approximately $25,000. Castle Hook Partners LP acquired a new position in shares of Italk in the second quarter valued at approximately $6,648,000. Revolution Growth Management Company Inc. acquired a new position in shares of Italk in the second quarter valued at approximately $72,223,000. Finally, Deutsche Bank AG acquired a new position in shares of Italk in the second quarter valued at approximately $2,078,000. Hedge funds and other institutional investors own 43.53% of the company’s stock.

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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