Two Sigma Advisers LP lowered its stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,600 shares of the company's stock after selling 94,100 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of Talkspace worth $713,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in TALK. Cibc World Markets Corp purchased a new position in shares of Talkspace during the 4th quarter valued at $36,000. Belvedere Trading LLC purchased a new stake in Talkspace in the 4th quarter worth $37,000. Ameriprise Financial Inc. bought a new stake in Talkspace during the fourth quarter valued at about $53,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Talkspace during the fourth quarter valued at about $69,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Talkspace in the fourth quarter valued at about $71,000. Institutional investors own 57.37% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on TALK. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Canaccord Genuity Group initiated 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 equities research 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 company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $4.50.
Read Our Latest Analysis on Talkspace
Talkspace Stock Performance
NASDAQ:TALK traded up $0.04 during trading hours on Friday, reaching $3.29. The stock had a trading volume of 1,418,885 shares, compared to its average volume of 1,920,434. The stock has a market capitalization of $550.47 million, a PE ratio of 329.33 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 company has a 50 day moving average price of $2.96 and a two-hundred day moving average price of $3.10.
Talkspace Company Profile
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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.
Further Reading
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