American Century Companies Inc. Lowers Stock Holdings in Talkspace, Inc. (NASDAQ:TALK)

American Century Companies Inc. lowered its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,015,560 shares of the company’s stock after selling 235,462 shares during the period. American Century Companies Inc. owned 4.15% of Talkspace worth $21,678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cibc World Markets Corp purchased a new position in shares of Talkspace during the fourth quarter worth about $36,000. Belvedere Trading LLC bought a new stake in Talkspace during the fourth quarter worth about $37,000. Intech Investment Management LLC purchased a new stake in Talkspace in the third quarter worth approximately $56,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Talkspace during the fourth quarter valued at approximately $69,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Talkspace by 27.1% in the 3rd quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock worth $86,000 after acquiring an additional 8,764 shares during the last quarter. Institutional investors own 57.37% of the company’s stock.

Talkspace Stock Down 1.5 %

Shares of TALK stock opened at $2.63 on Monday. The business’s fifty day moving average is $3.16 and its 200 day moving average is $3.00. The stock has a market cap of $442.99 million, a price-to-earnings ratio of 263.26 and a beta of 1.15. Talkspace, Inc. has a twelve month low of $1.60 and a twelve month high of $4.36.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. The business had revenue of $48.72 million for the quarter, compared to analysts’ expectations of $49.94 million. Equities research analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Talkspace

In other Talkspace news, CEO Jon R. Cohen bought 75,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.86 per share, for a total transaction of $214,500.00. Following the purchase, the chief executive officer now owns 2,267,980 shares in the company, valued at approximately $6,486,422.80. This trade represents a 3.42 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 82,270 shares of company stock valued at $235,312 in the last quarter. 21.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on TALK shares. Mizuho initiated coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target for the company. KeyCorp began coverage on shares of Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a report on Friday, February 21st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $4.38.

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.