Jane Street Group LLC Has $130,000 Position in Talkspace, Inc. (NASDAQ:TALK)

Jane Street Group LLC lowered its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,000 shares of the company’s stock after selling 9,771 shares during the quarter. Jane Street Group LLC’s holdings in Talkspace were worth $130,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in Talkspace during the third quarter worth approximately $33,000. Principal Financial Group Inc. acquired a new stake in Talkspace during the second quarter worth approximately $38,000. Creative Planning grew its position in Talkspace by 30.6% during the third quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after buying an additional 6,179 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Talkspace during the third quarter worth approximately $56,000. Finally, Aigen Investment Management LP grew its position in Talkspace by 37.8% during the third quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock worth $74,000 after buying an additional 9,766 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TALK. Mizuho began coverage on Talkspace in a research note on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price for the company. Barclays upped their target price 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 upgraded Talkspace to a “strong-buy” rating in a research note 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 for the company. Finally, KeyCorp began coverage on Talkspace in a research note on Monday, December 9th. They set an “overweight” rating and a $4.50 target price for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Talkspace has a consensus rating of “Buy” and a consensus price target of $4.38.

Talkspace Stock Performance

Shares of TALK opened at $2.89 on Tuesday. Talkspace, Inc. has a 52 week low of $1.60 and a 52 week high of $3.92. The stock has a market capitalization of $488.19 million, a price-to-earnings ratio of -289.00 and a beta of 1.14. The stock has a fifty day moving average of $3.24 and a 200-day moving average of $2.53.

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

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.