Talkspace, Inc. (NASDAQ:TALK) Shares Purchased by Millennium Management LLC

Millennium Management LLC lifted its position in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,258,612 shares of the company's stock after acquiring an additional 179,996 shares during the period. Millennium Management LLC owned 0.75% of Talkspace worth $3,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TALK. Deutsche Bank AG increased its holdings in shares of Talkspace by 103.1% in the fourth quarter. Deutsche Bank AG now owns 4,615,485 shares of the company's stock valued at $14,262,000 after purchasing an additional 2,342,913 shares during the period. Balyasny Asset Management L.P. purchased a new position in Talkspace during the 4th quarter worth approximately $3,179,000. BNP Paribas Financial Markets acquired a new stake in Talkspace during the 4th quarter valued at approximately $72,000. Ameriprise Financial Inc. acquired a new stake in Talkspace during the 4th quarter valued at approximately $53,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Talkspace in the 4th quarter valued at $1,082,000. Hedge funds and other institutional investors own 57.37% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TALK shares. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Canaccord Genuity Group began coverage on Talkspace in a report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Talkspace presently has a consensus rating of "Buy" and a consensus price target of $4.50.

Talkspace Price Performance

TALK stock traded up $0.06 during midday trading on Tuesday, hitting $3.41. 2,660,887 shares of the stock traded hands, compared to its average volume of 1,909,692. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The stock's fifty day simple moving average is $2.92 and its 200-day simple moving average is $3.10. The firm has a market cap of $570.54 million, a P/E ratio of 341.34 and a beta of 1.12.

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.