Talkspace, Inc. (NASDAQ:TALK) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,180,787 shares of the company's stock after buying an additional 315,741 shares during the quarter. Vanguard Group Inc. owned 4.25% of Talkspace worth $22,189,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TALK. JPMorgan Chase & Co. lifted its holdings 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 during the last quarter. Evernest Financial Advisors LLC acquired a new position in Talkspace during the fourth quarter worth $337,000. Barclays PLC boosted its position in shares of Talkspace by 322.3% during the third quarter. Barclays PLC now owns 175,990 shares of the company's stock worth $368,000 after buying an additional 134,313 shares during the period. State Street Corp grew its stake in shares of Talkspace by 36.4% in the third quarter. State Street Corp now owns 2,176,589 shares of the company's stock valued at $4,549,000 after buying an additional 580,826 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Talkspace by 829.3% in the fourth quarter. New York State Common Retirement Fund now owns 38,100 shares of the company's stock valued at $118,000 after buying an additional 34,000 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Stock Down 2.2 %

NASDAQ TALK traded down $0.06 on Friday, hitting $2.67. 1,131,281 shares of the stock were exchanged, compared to its average volume of 1,823,480. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.36. The company has a 50-day moving average price of $2.94 and a 200-day moving average price of $3.07. The company has a market cap of $449.73 million, a PE ratio of 267.27 and a beta of 1.16.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $48.72 million for 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%. As a group, equities research analysts predict that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

TALK has been the subject of a number of research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a report on Friday, February 21st. Canaccord Genuity Group started coverage on shares of Talkspace in a report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Talkspace has a consensus rating of "Buy" and an average target price of $4.50.

Insider Transactions at Talkspace

In related news, CEO Jon R. Cohen purchased 75,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average cost 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 approximately $6,486,422.80. This trade represents a 3.42 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 82,270 shares of company stock valued at $235,312. Corporate insiders own 21.70% of the company's stock.

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.