27,025 Shares in Talkspace, Inc. (NASDAQ:TALK) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Talkspace, Inc. (NASDAQ:TALK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,025 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors have also recently added to or reduced their stakes in TALK. Sugar Maple Asset Management LLC bought a new position in shares of Talkspace during the 3rd quarter worth about $33,000. Royce & Associates LP acquired a new position in Talkspace during the third quarter worth $1,045,000. Aigen Investment Management LP lifted its stake in shares of Talkspace by 37.8% in the third quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after buying an additional 9,766 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Talkspace in the third quarter valued at $84,000. Finally, Creative Planning increased 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 worth $55,000 after acquiring an additional 6,179 shares in the last quarter. 57.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on TALK. Barclays increased their price objective on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Northland Capmk raised Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Northland Securities began coverage on Talkspace in a research note on Wednesday, November 20th. They set an “outperform” rating and a $5.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a report on Wednesday, October 30th. Finally, Mizuho assumed coverage on Talkspace in a report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.33.

Talkspace Stock Down 0.6 %

Shares of NASDAQ TALK opened at $3.49 on Monday. The business has a 50-day simple moving average of $2.98 and a two-hundred day simple moving average of $2.41. Talkspace, Inc. has a 52 week low of $1.60 and a 52 week high of $3.92. The company has a market cap of $589.53 million, a P/E ratio of -349.00 and a beta of 1.12.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. The firm had revenue of $47.40 million during the quarter, compared to the consensus estimate of $47.50 million. During the same period last year, the firm earned ($0.03) EPS. Equities research analysts anticipate that Talkspace, Inc. will post -0.02 EPS for the current year.

Insider Activity

In other news, CFO Ian Jiro Harris bought 23,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $2.11 per share, for a total transaction of $48,741.00. Following the transaction, the chief financial officer now directly owns 397,657 shares of the company’s stock, valued at $839,056.27. This represents a 6.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.70% of the company’s stock.

Talkspace Profile

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.