Talkspace, Inc. (NASDAQ:TALK) Stock Holdings Boosted by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 274.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 561,200 shares of the company's stock after acquiring an additional 411,200 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.33% of Talkspace worth $1,734,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Talkspace in the fourth quarter valued at $69,000. Charles Schwab Investment Management Inc. increased its stake in Talkspace by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company's stock valued at $1,203,000 after purchasing an additional 10,835 shares during the last quarter. Bailard Inc. acquired a new position in Talkspace in the fourth quarter valued at $272,000. Bank of New York Mellon Corp increased its stake in Talkspace by 27.9% during the fourth quarter. Bank of New York Mellon Corp now owns 336,086 shares of the company's stock worth $1,039,000 after acquiring an additional 73,332 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Talkspace by 829.3% during the fourth quarter. New York State Common Retirement Fund now owns 38,100 shares of the company's stock worth $118,000 after acquiring an additional 34,000 shares during the last quarter. 57.37% of the stock is owned by institutional investors and hedge funds.

Talkspace Stock Performance

Shares of Talkspace stock traded down $0.02 on Thursday, reaching $2.77. 1,252,012 shares of the company were exchanged, compared to its average volume of 1,799,231. The company's 50-day moving average is $3.19 and its two-hundred day moving average is $2.94. The firm has a market cap of $466.57 million, a price-to-earnings ratio of 277.28 and a beta of 1.15. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36.

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Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. The business had revenue of $48.72 million for the quarter, compared to analysts' expectations of $49.94 million. As a group, sell-side analysts forecast that Talkspace, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on TALK. Northland Capmk upgraded Talkspace to a "strong-buy" rating in a research note on Wednesday, November 20th. Mizuho started coverage on Talkspace in a report on Wednesday, December 4th. They issued an "outperform" rating and a $5.00 price target for the company. KeyCorp started coverage on Talkspace in a report on Monday, December 9th. They issued an "overweight" rating and a $4.50 price target for the company. Northland Securities started coverage on Talkspace in a report on Wednesday, November 20th. They issued an "outperform" rating and a $5.00 price target for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $4.38.

Insider Activity at Talkspace

In other Talkspace news, CEO Jon R. Cohen bought 75,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $2.86 per share, for a total transaction of $214,500.00. Following the transaction, the chief executive officer now directly owns 2,267,980 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 82,270 shares of company stock worth $235,312 in the last three months. 21.70% of the stock is owned by company insiders.

About Talkspace

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.