Talkspace, Inc. (NASDAQ:TALK) Stake Decreased by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in Talkspace, Inc. (NASDAQ:TALK) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,014,289 shares of the company’s stock after selling 42,397 shares during the quarter. Geode Capital Management LLC owned about 1.78% of Talkspace worth $6,301,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC acquired a new position in Talkspace during the 3rd quarter worth $33,000. Principal Financial Group Inc. bought a new stake in shares of Talkspace during the second quarter valued at about $38,000. Creative Planning lifted its holdings in Talkspace by 30.6% in the third quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after purchasing an additional 6,179 shares during the period. Intech Investment Management LLC bought a new position in Talkspace in the 3rd quarter valued at about $56,000. Finally, Aigen Investment Management LP increased its stake in Talkspace by 37.8% during the 3rd 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 during the period. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TALK. Northland Securities initiated coverage on shares of Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th. Mizuho began coverage on Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target on the stock. KeyCorp assumed coverage on Talkspace in a research note on Monday, December 9th. They issued an “overweight” rating and a $4.50 price objective on the stock. Finally, Northland Capmk raised Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $4.38.

Talkspace Stock Performance

NASDAQ TALK opened at $3.22 on Friday. Talkspace, Inc. has a 1 year low of $1.60 and a 1 year high of $3.92. The business’s fifty day moving average is $3.24 and its two-hundred day moving average is $2.50. The stock has a market capitalization of $543.93 million, a P/E ratio of -322.00 and a beta of 1.12.

Talkspace (NASDAQ:TALK) last announced its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. The company had revenue of $47.40 million for the quarter, compared to analyst estimates of $47.50 million. During the same period in the previous year, the firm earned ($0.03) earnings per share.

Talkspace Company 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.