Man Group plc acquired a new stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 155,705 shares of the company's stock, valued at approximately $481,000. Man Group plc owned 0.09% of Talkspace as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp acquired a new stake in Talkspace in the 4th quarter valued at $36,000. Belvedere Trading LLC bought a new position in shares of Talkspace in the fourth quarter valued at approximately $37,000. Ameriprise Financial Inc. purchased a new position in Talkspace in the 4th quarter valued at approximately $53,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Talkspace during the 4th quarter valued at $69,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Talkspace during the 4th quarter valued at $71,000. Institutional investors own 57.37% of the company's stock.
Talkspace Stock Performance
NASDAQ:TALK traded down $0.06 during trading hours on Friday, reaching $3.22. The company's stock had a trading volume of 2,641,646 shares, compared to its average volume of 1,899,828. The firm has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $3.09. Talkspace, Inc. has a 1 year low of $1.60 and a 1 year high of $4.36. The firm has a market capitalization of $538.75 million, a price-to-earnings ratio of 322.32 and a beta of 1.13.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a research note on Tuesday, May 6th. Canaccord Genuity Group began coverage on shares of Talkspace in a report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $4.50.
Check Out Our Latest Analysis on Talkspace
About Talkspace
(
Free Report)
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.
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