State of Wyoming Invests $439,000 in Talkspace, Inc. (NASDAQ:TALK)

State of Wyoming acquired a new position in Talkspace, Inc. (NASDAQ:TALK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 142,194 shares of the company's stock, valued at approximately $439,000. State of Wyoming owned 0.08% of Talkspace as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new stake in shares of Talkspace during the 4th quarter valued at $36,000. Belvedere Trading LLC bought a new position in Talkspace in the 4th quarter worth $37,000. Ameriprise Financial Inc. bought a new position in shares of Talkspace during the 4th quarter worth about $53,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Talkspace during the 4th quarter worth about $69,000. Finally, Oxford Asset Management LLP bought a new stake in Talkspace in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 57.37% of the company's stock.

Insider Buying and Selling at Talkspace

In other news, CEO Jon R. Cohen purchased 75,000 shares of Talkspace stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $2.86 per share, for a total transaction of $214,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,267,980 shares in the company, valued at approximately $6,486,422.80. This represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 82,270 shares of company stock worth $235,312 over the last ninety days. Corporate insiders own 23.50% of the company's stock.

Wall Street Analyst Weigh In

TALK has been the topic of a number of analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research note on Tuesday, May 6th. Canaccord Genuity Group initiated coverage on shares of Talkspace in a research note on Thursday, April 3rd. They issued a "buy" rating and a $5.00 target price on the stock. Two equities 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 stock. According to MarketBeat, Talkspace currently has a consensus rating of "Buy" and a consensus target price of $4.50.

Talkspace Stock Up 2.2%

NASDAQ:TALK traded up $0.06 on Friday, reaching $2.82. The stock had a trading volume of 1,176,676 shares, compared to its average volume of 1,866,162. The company has a market capitalization of $471.83 million, a P/E ratio of 282.28 and a beta of 1.13. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The stock has a fifty day moving average price of $2.87 and a 200-day moving average price of $3.10.

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

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.