Two Sigma Investments LP Acquires 82,921 Shares of Talkspace, Inc. (NASDAQ:TALK)

Two Sigma Investments LP increased its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 668,723 shares of the company's stock after purchasing an additional 82,921 shares during the quarter. Two Sigma Investments LP owned approximately 0.40% of Talkspace worth $2,066,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Talkspace by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company's stock worth $1,203,000 after purchasing an additional 10,835 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Talkspace by 27.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,177 shares of the company's stock valued at $156,000 after acquiring an additional 10,849 shares during the last quarter. ProShare Advisors LLC lifted its stake in Talkspace by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 34,622 shares of the company's stock valued at $107,000 after acquiring an additional 11,392 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Talkspace in the fourth quarter valued at $36,000. Finally, Legal & General Group Plc lifted its stake in Talkspace by 48.5% in the fourth quarter. Legal & General Group Plc now owns 36,146 shares of the company's stock valued at $112,000 after acquiring an additional 11,809 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company's stock.

Analysts Set New Price Targets

TALK has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated 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 price target for the company. Two 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $4.50.

Talkspace Stock Down 1.8%

Shares of TALK traded down $0.06 during trading hours on Thursday, hitting $3.25. The company had a trading volume of 1,562,363 shares, compared to its average volume of 1,918,086. The firm has a market cap of $543.77 million, a price-to-earnings ratio of 325.33 and a beta of 1.12. The business has a fifty day moving average of $2.95 and a 200-day moving average of $3.10. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $4.36.

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.