Talkspace, Inc. (NASDAQ:TALK) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Talkspace, Inc. (NASDAQ:TALK) by 68.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,282 shares of the company’s stock after acquiring an additional 32,080 shares during the period. SG Americas Securities LLC’s holdings in Talkspace were worth $245,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Creative Planning grew its holdings in Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock valued at $55,000 after buying an additional 6,179 shares in the last quarter. MetLife Investment Management LLC raised its holdings 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 worth $86,000 after acquiring an additional 8,764 shares during the period. Aigen Investment Management LP boosted 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 valued at $74,000 after acquiring an additional 9,766 shares during the last quarter. Sugar Maple Asset Management LLC grew its holdings in shares of Talkspace by 75.0% in the fourth quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company’s stock valued at $87,000 after purchasing an additional 12,000 shares during the period. Finally, FMR LLC increased its position in Talkspace by 24.2% during the third quarter. FMR LLC now owns 124,085 shares of the company’s stock worth $259,000 after purchasing an additional 24,198 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Stock Performance

Talkspace stock opened at $3.60 on Friday. The company has a market capitalization of $608.11 million, a PE ratio of -360.00 and a beta of 1.14. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $3.92. The firm has a 50 day moving average price of $3.20 and a 200 day moving average price of $2.66.

Analysts Set New Price Targets

Several equities analysts have weighed in on TALK shares. Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Barclays upped their price objective on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Mizuho assumed coverage on Talkspace in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, Northland Securities started coverage on Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price target for the company. Two investment 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, the stock has an average rating of “Buy” and an average price target of $4.38.

Talkspace Company 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.