Globeflex Capital L P Takes $117,000 Position in Talkspace, Inc. (NASDAQ:TALK)

Globeflex Capital L P acquired a new stake in Talkspace, Inc. (NASDAQ:TALK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 37,733 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds also recently made changes to their positions in TALK. Sugar Maple Asset Management LLC acquired a new position in shares of Talkspace in the 3rd quarter valued at $33,000. Belvedere Trading LLC acquired a new position in shares of Talkspace in the 4th quarter valued at $37,000. Intech Investment Management LLC acquired a new position in shares of Talkspace in the 3rd quarter valued at $56,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Talkspace in the 4th quarter valued at $69,000. Finally, Aigen Investment Management LP increased its position in shares of Talkspace by 37.8% during the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock worth $74,000 after purchasing an additional 9,766 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TALK shares. Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 target price for the company. Mizuho started coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research report on Friday, February 21st. KeyCorp started 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 Capmk upgraded shares of Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $4.38.

Talkspace Trading Up 3.3 %

TALK opened at $2.85 on Friday. The stock has a market capitalization of $480.05 million, a PE ratio of 285.29 and a beta of 1.15. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The firm has a 50-day moving average price of $3.21 and a two-hundred day moving average price of $2.92.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $48.72 million during the quarter, compared to analysts’ expectations of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. On average, research analysts predict that Talkspace, Inc. will post 0.08 EPS for the current year.

Insider Activity

In other Talkspace news, CEO Jon R. Cohen bought 75,000 shares of Talkspace stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $2.86 per share, with a total value of $214,500.00. Following the purchase, the chief executive officer now owns 2,267,980 shares of the company’s stock, valued at $6,486,422.80. This trade represents a 3.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have acquired 82,270 shares of company stock valued at $235,312. 21.70% of the stock is currently owned by 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.