Barclays PLC Purchases 134,313 Shares of Talkspace, Inc. (NASDAQ:TALK)

Barclays PLC lifted its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 322.3% in the 3rd quarter, Holdings Channel reports. The fund owned 175,990 shares of the company’s stock after buying an additional 134,313 shares during the quarter. Barclays PLC’s holdings in Talkspace were worth $368,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of 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 in the last quarter. MetLife Investment Management LLC raised its stake in shares of Talkspace by 27.1% during the 3rd quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock valued at $86,000 after purchasing an additional 8,764 shares during the period. Aigen Investment Management LP lifted its holdings in 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. Sugar Maple Asset Management LLC bought a new position in Talkspace in the 3rd quarter worth about $33,000. Finally, FMR LLC grew its holdings in Talkspace by 24.2% during the 3rd quarter. FMR LLC now owns 124,085 shares of the company’s stock valued at $259,000 after buying an additional 24,198 shares in the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TALK. KeyCorp initiated coverage on shares of Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price target on the stock. Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Mizuho started coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target for the company. Northland Securities started coverage on Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, Barclays boosted their target price on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Two equities research 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. According to MarketBeat.com, Talkspace presently has a consensus rating of “Buy” and an average target price of $4.38.

Talkspace Price Performance

Shares of TALK opened at $3.02 on Monday. Talkspace, Inc. has a 1 year low of $1.60 and a 1 year high of $3.92. The stock has a 50 day simple moving average of $3.22 and a two-hundred day simple moving average of $2.56. The firm has a market cap of $510.14 million, a P/E ratio of -302.00 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $47.50 million. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. During the same period in the previous year, the firm posted ($0.03) earnings per share. On average, equities analysts anticipate that Talkspace, Inc. will post 0.02 earnings per share for the current year.

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.