JPMorgan Chase & Co. Purchases 430,861 Shares of Talkspace, Inc. (NASDAQ:TALK)

JPMorgan Chase & Co. raised its stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 448.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 526,972 shares of the company's stock after buying an additional 430,861 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.31% of Talkspace worth $1,101,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC acquired a new position in shares of Talkspace during the third quarter valued at $33,000. Creative Planning grew its holdings in Talkspace by 30.6% during the third quarter. Creative Planning now owns 26,386 shares of the company's stock worth $55,000 after acquiring an additional 6,179 shares during the period. Intech Investment Management LLC acquired a new position in Talkspace during the third quarter worth about $56,000. Aigen Investment Management LP grew its holdings in Talkspace by 37.8% during the third quarter. Aigen Investment Management LP now owns 35,568 shares of the company's stock worth $74,000 after acquiring an additional 9,766 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in Talkspace during the third quarter worth about $84,000. 57.37% of the stock is currently owned by institutional investors.

Talkspace Trading Up 0.3 %

TALK stock traded up $0.01 during trading on Friday, hitting $3.20. The company had a trading volume of 1,088,294 shares, compared to its average volume of 928,878. The company has a fifty day moving average price of $3.20 and a two-hundred day moving average price of $2.59. The company has a market cap of $540.54 million, a P/E ratio of -320.00 and a beta of 1.14. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $3.92.

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

Analyst Ratings Changes

TALK has been the topic of a number of analyst reports. Northland Securities initiated 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. KeyCorp initiated coverage on Talkspace in a research report on Monday, December 9th. They set an "overweight" rating and a $4.50 price objective for the company. Northland Capmk upgraded Talkspace to a "strong-buy" rating in a research report on Wednesday, November 20th. Mizuho began coverage on Talkspace in a report on Wednesday, December 4th. They set an "outperform" rating and a $5.00 price target for the company. Finally, Barclays lifted their price target on Talkspace from $2.00 to $3.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Talkspace has a consensus rating of "Buy" and an average 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.