Principal Financial Group Inc. Buys Shares of 16,607 Talkspace, Inc. (NASDAQ:TALK)

Principal Financial Group Inc. purchased a new stake in shares of Talkspace, Inc. (NASDAQ:TALK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,607 shares of the company’s stock, valued at approximately $38,000.

A number of other large investors also recently modified their holdings of TALK. G2 Investment Partners Management LLC lifted its stake in Talkspace by 522.3% in the 4th quarter. G2 Investment Partners Management LLC now owns 2,874,417 shares of the company’s stock worth $7,301,000 after purchasing an additional 2,412,531 shares in the last quarter. Shannon River Fund Management LLC purchased a new stake in shares of Talkspace in the fourth quarter worth $12,700,000. Vanguard Group Inc. boosted its stake in Talkspace by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,885,681 shares of the company’s stock valued at $21,012,000 after buying an additional 84,933 shares during the period. Goldman Sachs Group Inc. grew its position in Talkspace by 1.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,291,412 shares of the company’s stock worth $21,060,000 after buying an additional 123,738 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in Talkspace during the first quarter worth about $296,000. 57.37% of the stock is currently owned by institutional investors.

Talkspace Stock Performance

Talkspace stock opened at $1.91 on Tuesday. Talkspace, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $3.92. The firm’s fifty day moving average price is $1.91 and its 200-day moving average price is $2.57. The stock has a market cap of $324.10 million, a P/E ratio of -24.50 and a beta of 1.21.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research report on Tuesday, August 6th.

About Talkspace

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.