Barclays PLC Purchases 134,313 Shares of Talkspace, Inc. (NASDAQ:TALK)

Barclays PLC grew its holdings in Talkspace, Inc. (NASDAQ:TALK) by 322.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,990 shares of the company’s stock after acquiring an additional 134,313 shares during the quarter. Barclays PLC owned 0.10% of Talkspace worth $368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Talkspace during the 3rd quarter worth approximately $33,000. Creative Planning lifted its stake 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 purchasing an additional 6,179 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Talkspace in the 3rd quarter valued at $56,000. Aigen Investment Management LP increased its stake in shares of Talkspace by 37.8% in the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after purchasing an additional 9,766 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Talkspace in the 3rd quarter valued at $84,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TALK has been the subject of several research analyst reports. KeyCorp initiated 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. Mizuho started coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price objective for the company. Northland Securities assumed coverage on shares of Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Finally, Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Two equities research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $4.38.

Talkspace Price Performance

Shares of TALK stock opened at $3.02 on Monday. Talkspace, Inc. has a one year low of $1.60 and a one year high of $3.92. The business’s 50 day simple moving average is $3.22 and its 200 day simple moving average is $2.56. The stock has a market capitalization of $510.14 million, a PE ratio of -302.00 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $47.50 million. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, research analysts expect that Talkspace, Inc. will post 0.02 earnings per share for the current year.

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.