Talkspace, Inc. (NASDAQ:TALK) Stock Holdings Lowered by CenterBook Partners LP

CenterBook Partners LP trimmed its position in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 67.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 226,262 shares of the company's stock after selling 463,450 shares during the period. CenterBook Partners LP owned 0.13% of Talkspace worth $699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TALK. JPMorgan Chase & Co. grew its position in shares of Talkspace by 448.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company's stock worth $1,101,000 after acquiring an additional 430,861 shares in the last quarter. Evernest Financial Advisors LLC acquired a new position in Talkspace in the fourth quarter worth $337,000. Barclays PLC increased its stake in Talkspace by 322.3% during the third quarter. Barclays PLC now owns 175,990 shares of the company's stock valued at $368,000 after purchasing an additional 134,313 shares during the last quarter. State Street Corp raised its holdings in shares of Talkspace by 36.4% during the third quarter. State Street Corp now owns 2,176,589 shares of the company's stock worth $4,549,000 after purchasing an additional 580,826 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Talkspace by 829.3% in the 4th quarter. New York State Common Retirement Fund now owns 38,100 shares of the company's stock worth $118,000 after buying an additional 34,000 shares during the last quarter. 57.37% of the stock is owned by institutional investors.

Insider Activity at Talkspace

In related news, CEO Jon R. Cohen acquired 75,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $2.86 per share, for a total transaction of $214,500.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 82,270 shares of company stock worth $235,312 over the last ninety days. 21.70% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TALK. Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a research report on Friday, February 21st. Canaccord Genuity Group started coverage on Talkspace in a report on Thursday, April 3rd. They set a "buy" rating and a $5.00 target price for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Talkspace has an average rating of "Buy" and an average price target of $4.50.

Talkspace Trading Down 0.4 %

Talkspace stock traded down $0.01 during midday trading on Tuesday, reaching $2.78. 1,139,972 shares of the stock traded hands, compared to its average volume of 1,821,597. The firm has a fifty day moving average price of $3.02 and a two-hundred day moving average price of $3.05. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.36. The firm has a market cap of $468.25 million, a price-to-earnings ratio of 278.28 and a beta of 1.16.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $48.72 million during the quarter, compared to analyst estimates of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. Analysts anticipate that Talkspace, Inc. will post 0.08 earnings per share for the current 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.