State of Wyoming Acquires Shares of 142,194 Talkspace, Inc. (NASDAQ:TALK)

State of Wyoming acquired a new stake in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,194 shares of the company's stock, valued at approximately $439,000. State of Wyoming owned 0.08% of Talkspace at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TALK. Barclays PLC raised its position in Talkspace by 322.3% during the third quarter. Barclays PLC now owns 175,990 shares of the company's stock valued at $368,000 after purchasing an additional 134,313 shares during the period. JPMorgan Chase & Co. raised its position in Talkspace by 448.3% during the third quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company's stock valued at $1,101,000 after purchasing an additional 430,861 shares during the period. Sugar Maple Asset Management LLC raised its position in Talkspace by 75.0% during 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. SG Americas Securities LLC raised its position in Talkspace by 68.0% during the fourth quarter. SG Americas Securities LLC now owns 79,282 shares of the company's stock valued at $245,000 after purchasing an additional 32,080 shares during the period. Finally, Evernest Financial Advisors LLC purchased a new stake in Talkspace during the fourth quarter valued at approximately $337,000. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Talkspace Stock Up 1.0%

TALK opened at $3.01 on Tuesday. The stock's fifty day moving average is $2.87 and its two-hundred day moving average is $3.11. The company has a market capitalization of $503.62 million, a P/E ratio of 301.30 and a beta of 1.13. Talkspace, Inc. has a 52 week low of $1.60 and a 52 week high of $4.36.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TALK. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a 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 target on the stock. Two analysts have rated the stock with a hold rating, three have assigned 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 an average target price of $4.50.

Insiders Place Their Bets

In related news, CEO Jon R. Cohen bought 75,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $2.86 per share, with a total value of $214,500.00. Following the transaction, the chief executive officer now owns 2,267,980 shares of the company's stock, valued at $6,486,422.80. The trade was a 3.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 82,270 shares of company stock worth $235,312 in the last ninety days. 23.50% of the stock is owned by company insiders.

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.

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