Barclays PLC Has $368,000 Position in Talkspace, Inc. (NASDAQ:TALK)

Barclays PLC raised its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 322.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,990 shares of the company’s stock after purchasing an additional 134,313 shares during the quarter. Barclays PLC owned 0.10% of Talkspace worth $368,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Creative Planning raised its stake in Talkspace by 30.6% during the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock valued at $55,000 after purchasing an additional 6,179 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Talkspace by 27.1% during the 3rd quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock valued at $86,000 after acquiring an additional 8,764 shares in the last quarter. Aigen Investment Management LP grew its holdings in shares of 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 acquiring an additional 9,766 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of Talkspace during the 3rd quarter valued at $33,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Talkspace during the 2nd quarter valued at $38,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Talkspace Trading Up 2.9 %

Shares of 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 firm has a fifty day moving average price of $3.24 and a 200 day moving average price of $2.50. The stock has a market capitalization of $543.93 million, a PE ratio of -322.00 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on TALK. Northland Securities began coverage on shares of Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price target on the stock. KeyCorp began coverage on shares of Talkspace in a report on Monday, December 9th. They set an “overweight” rating and a $4.50 price target on the stock. Mizuho began coverage on shares of Talkspace in a report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target on the stock. Barclays upped their price objective on shares of Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.38.

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.