Two Sigma Advisers LP lessened its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,600 shares of the company's stock after selling 94,100 shares during the period. Two Sigma Advisers LP owned approximately 0.14% of Talkspace worth $713,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of Talkspace by 103.1% in the 4th quarter. Deutsche Bank AG now owns 4,615,485 shares of the company's stock valued at $14,262,000 after acquiring an additional 2,342,913 shares during the last quarter. Voss Capital LP purchased a new position in shares of Talkspace during the 4th quarter valued at about $3,981,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Talkspace during the 4th quarter valued at about $3,371,000. Balyasny Asset Management L.P. purchased a new position in shares of Talkspace during the 4th quarter valued at about $3,179,000. Finally, Metavasi Capital LP purchased a new position in shares of Talkspace during the 4th quarter valued at about $2,295,000. Hedge funds and other institutional investors own 57.37% of the company's stock.
Talkspace Trading Up 0.5%
TALK traded up $0.02 during midday trading on Friday, hitting $3.27. 510,308 shares of the company traded hands, compared to its average volume of 1,912,608. The company has a market capitalization of $546.28 million, a price-to-earnings ratio of 326.83 and a beta of 1.12. Talkspace, Inc. has a 52-week low of $1.60 and a 52-week high of $4.36. The business has a 50 day simple moving average of $2.95 and a two-hundred day simple moving average of $3.10.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Canaccord Genuity Group assumed coverage on Talkspace in a research note on Thursday, April 3rd. They set a "buy" rating and a $5.00 price objective for the company. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Talkspace currently has a consensus rating of "Buy" and an average target price of $4.50.
Check Out Our Latest Research Report 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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