Dimensional Fund Advisors LP Purchases 692,339 Shares of Talkspace, Inc. (NASDAQ:TALK)

Dimensional Fund Advisors LP grew its position in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 133.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,211,308 shares of the company's stock after purchasing an additional 692,339 shares during the period. Dimensional Fund Advisors LP owned about 0.72% of Talkspace worth $3,744,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new position in Talkspace in the fourth quarter valued at about $3,371,000. JPMorgan Chase & Co. boosted its holdings in shares of Talkspace by 87.3% in the 4th quarter. JPMorgan Chase & Co. now owns 987,220 shares of the company's stock worth $3,051,000 after acquiring an additional 460,248 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Talkspace by 274.1% in the 4th quarter. First Eagle Investment Management LLC now owns 561,200 shares of the company's stock worth $1,734,000 after acquiring an additional 411,200 shares in the last quarter. Vanguard Group Inc. grew its position in Talkspace by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 7,180,787 shares of the company's stock worth $22,189,000 after acquiring an additional 315,741 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Talkspace by 39.7% during the 4th quarter. Royce & Associates LP now owns 698,722 shares of the company's stock valued at $2,159,000 after purchasing an additional 198,722 shares in the last quarter. Institutional investors own 57.37% of the company's stock.

Insider Buying and Selling

In related news, CEO Jon R. Cohen purchased 75,000 shares of Talkspace stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $2.86 per share, for a total transaction of $214,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders acquired a total of 82,270 shares of company stock valued at $235,312 over the last ninety days. Insiders own 23.50% of the company's stock.

Talkspace Price Performance

Shares of TALK stock traded down $0.01 on Friday, reaching $2.98. 1,370,874 shares of the stock were exchanged, compared to its average volume of 1,859,070. Talkspace, Inc. has a one year low of $1.60 and a one year high of $4.36. The stock has a market cap of $498.60 million, a PE ratio of 298.30 and a beta of 1.13. The stock has a 50 day moving average price of $2.86 and a 200 day moving average price of $3.11.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. The firm had revenue of $48.72 million during the quarter, compared to analyst estimates of $49.94 million. On average, research analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TALK. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research note on Tuesday, May 6th. Canaccord Genuity Group assumed coverage on shares of Talkspace in a research report on Thursday, April 3rd. They set a "buy" rating and a $5.00 price target on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Talkspace presently has an average rating of "Buy" and a consensus target price of $4.50.

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.