Talkspace, Inc. (NASDAQ:TALK) Shares Purchased by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC boosted its stake in Talkspace, Inc. (NASDAQ:TALK) by 85.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,900 shares of the company’s stock after acquiring an additional 23,900 shares during the quarter. Sugar Maple Asset Management LLC’s holdings in Talkspace were worth $133,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of Talkspace in the first quarter worth about $29,000. Rhumbline Advisers grew its stake in Talkspace by 15.9% during the 1st quarter. Rhumbline Advisers now owns 147,980 shares of the company’s stock valued at $379,000 after purchasing an additional 20,261 shares in the last quarter. Two Sigma Investments LP increased its holdings in Talkspace by 14.2% during the 4th quarter. Two Sigma Investments LP now owns 668,723 shares of the company’s stock worth $2,066,000 after purchasing an additional 82,921 shares during the last quarter. State of Wyoming acquired a new position in shares of Talkspace in the 4th quarter valued at approximately $439,000. Finally, Tema Etfs LLC acquired a new position in shares of Talkspace in the 4th quarter valued at approximately $81,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Stock Down 2.9%

NASDAQ:TALK opened at $3.31 on Thursday. The company has a market cap of $553.81 million, a PE ratio of 331.33 and a beta of 1.12. The business’s 50 day moving average is $2.94 and its two-hundred day moving average is $3.10. Talkspace, Inc. has a 52 week low of $1.60 and a 52 week high of $4.36.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group initiated coverage on shares of Talkspace in a research report on Thursday, April 3rd. They set a “buy” rating and a $5.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Talkspace has an average rating of “Buy” and an average price target of $4.50.

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.