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

Barclays PLC grew its stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 322.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in Talkspace during the third quarter worth about $33,000. Creative Planning lifted its holdings in shares of Talkspace by 30.6% during 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 in the last quarter. Intech Investment Management LLC acquired a new position in shares of Talkspace in the 3rd quarter valued at approximately $56,000. Aigen Investment Management LP increased its stake in Talkspace by 37.8% during the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company's stock worth $74,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in Talkspace during the 3rd quarter worth approximately $84,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TALK has been the subject of several research analyst reports. Mizuho assumed coverage on shares of Talkspace in a report on Wednesday, December 4th. They issued an "outperform" rating and a $5.00 price target for the company. Northland Capmk raised shares of Talkspace to a "strong-buy" rating in a research note on Wednesday, November 20th. Northland Securities started coverage on Talkspace in a research note on Wednesday, November 20th. They issued an "outperform" rating and a $5.00 price target on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a research report on Wednesday, October 30th. Finally, KeyCorp initiated coverage on Talkspace in a report on Monday, December 9th. They set an "overweight" rating and a $4.50 price objective for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $4.38.

Talkspace Stock Down 0.7 %

Shares of NASDAQ:TALK traded down $0.02 during midday trading on Monday, reaching $3.02. The company had a trading volume of 757,260 shares, compared to its average volume of 962,124. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $3.92. The stock has a market cap of $510.14 million, a PE ratio of -302.00 and a beta of 1.14. The business's 50 day moving average price is $3.21 and its 200 day moving average price is $2.56.

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