The Manufacturers Life Insurance Company Acquires Shares of 49,315 Talkspace, Inc. (NASDAQ:TALK)

The Manufacturers Life Insurance Company purchased a new stake in Talkspace, Inc. (NASDAQ:TALK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,315 shares of the company’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TALK. Principal Financial Group Inc. acquired a new stake in Talkspace in the second quarter valued at $38,000. Fifth Lane Capital LP acquired a new position in Talkspace during the first quarter worth about $55,000. Virtu Financial LLC purchased a new position in Talkspace in the first quarter valued at about $74,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Talkspace during the 1st quarter valued at approximately $132,000. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of Talkspace during the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of Talkspace in a report on Tuesday, August 6th.

Insider Buying and Selling at Talkspace

In other Talkspace news, CFO Ian Jiro Harris acquired 23,100 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of $2.11 per share, with a total value of $48,741.00. Following the purchase, the chief financial officer now directly owns 397,657 shares in the company, valued at approximately $839,056.27. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 18.40% of the company’s stock.

Talkspace Stock Up 1.1 %

NASDAQ:TALK opened at $2.77 on Monday. Talkspace, Inc. has a 52-week low of $1.41 and a 52-week high of $3.92. The stock has a fifty day simple moving average of $2.05 and a 200-day simple moving average of $2.39. The company has a market capitalization of $470.03 million, a PE ratio of -34.63 and a beta of 1.21.

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.