Evernest Financial Advisors LLC Invests $337,000 in Talkspace, Inc. (NASDAQ:TALK)

Evernest Financial Advisors LLC bought a new position in Talkspace, Inc. (NASDAQ:TALK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 109,000 shares of the company's stock, valued at approximately $337,000. Evernest Financial Advisors LLC owned approximately 0.06% of Talkspace as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Talkspace by 448.3% during the third quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company's stock worth $1,101,000 after buying an additional 430,861 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Talkspace in the second quarter valued at about $921,000. Royce & Associates LP acquired a new stake in Talkspace during the third quarter worth about $1,045,000. 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 acquiring an additional 134,313 shares during the period. Finally, State Street Corp raised its holdings in Talkspace by 36.4% in the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company's stock valued at $4,549,000 after acquiring an additional 580,826 shares in the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research note on Wednesday, October 30th. Mizuho initiated coverage on Talkspace in a report on Wednesday, December 4th. They set an "outperform" rating and a $5.00 price objective on the stock. Barclays increased their target price on Talkspace from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. KeyCorp initiated coverage on shares of Talkspace in a research report on Monday, December 9th. They set an "overweight" rating and a $4.50 target price for the company. Finally, Northland Securities assumed coverage on shares of Talkspace in a research report on Wednesday, November 20th. They issued an "outperform" rating and a $5.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Talkspace has an average rating of "Buy" and an average price target of $4.38.

Talkspace Trading Up 7.3 %

Shares of TALK traded up $0.23 during mid-day trading on Tuesday, hitting $3.39. 2,139,290 shares of the company traded hands, compared to its average volume of 1,055,594. The business has a 50-day moving average of $3.19 and a 200 day moving average of $2.64. Talkspace, Inc. has a one year low of $1.60 and a one year high of $3.92. The stock has a market capitalization of $572.64 million, a price-to-earnings ratio of -339.00 and a beta of 1.14.

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.