New York State Common Retirement Fund Has $118,000 Stock Holdings in Talkspace, Inc. (NASDAQ:TALK)

New York State Common Retirement Fund increased its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 829.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,100 shares of the company’s stock after purchasing an additional 34,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Talkspace were worth $118,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its position in Talkspace by 30.6% in 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 last quarter. Aigen Investment Management LP increased 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. Royce & Associates LP bought a new position in shares of Talkspace in the third quarter valued at about $1,045,000. Sugar Maple Asset Management LLC bought a new position in shares of Talkspace in the third quarter valued at about $33,000. Finally, Intech Investment Management LLC acquired a new position in Talkspace during the 3rd quarter worth about $56,000. 57.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TALK shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research note on Friday, February 21st. Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Mizuho started coverage on Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price target on the stock. KeyCorp began coverage on Talkspace in a research report on Monday, December 9th. They set an “overweight” rating and a $4.50 price objective for the company. Finally, Northland Securities began coverage on Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 target price on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $4.38.

Insider Activity at Talkspace

In other Talkspace news, CEO Jon R. Cohen bought 75,000 shares of Talkspace stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $2.86 per share, with a total value of $214,500.00. Following the acquisition, the chief executive officer now directly owns 2,267,980 shares of the company’s stock, valued at $6,486,422.80. The trade was a 3.42 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 82,270 shares of company stock valued at $235,312 over the last three months. 21.70% of the stock is owned by insiders.

Talkspace Trading Down 3.8 %

TALK stock opened at $2.76 on Thursday. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The business’s 50 day simple moving average is $3.26 and its 200 day simple moving average is $2.87. The firm has a market capitalization of $466.23 million, a PE ratio of 276.28 and a beta of 1.15.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. The business had revenue of $48.72 million during the quarter, compared to analysts’ expectations of $49.94 million. As a group, sell-side analysts predict that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

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.