Globeflex Capital L P Purchases Shares of 37,733 Talkspace, Inc. (NASDAQ:TALK)

Globeflex Capital L P purchased a new stake in Talkspace, Inc. (NASDAQ:TALK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,733 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors have also recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its stake in Talkspace by 274.1% in the fourth quarter. First Eagle Investment Management LLC now owns 561,200 shares of the company’s stock valued at $1,734,000 after buying an additional 411,200 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Talkspace in the fourth quarter valued at approximately $69,000. Charles Schwab Investment Management Inc. lifted its stake in Talkspace by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company’s stock valued at $1,203,000 after buying an additional 10,835 shares in the last quarter. Bailard Inc. bought a new position in Talkspace in the fourth quarter valued at approximately $272,000. Finally, Bank of New York Mellon Corp lifted its stake in Talkspace by 27.9% in the fourth quarter. Bank of New York Mellon Corp now owns 336,086 shares of the company’s stock valued at $1,039,000 after buying an additional 73,332 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TALK. Mizuho began coverage on shares of Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price target on the stock. Northland Securities began coverage on shares of Talkspace in a report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective on the stock. Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a report on Friday, February 21st. Finally, KeyCorp began coverage on shares of Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $4.38.

Insider Buying and Selling

In related news, CEO Jon R. Cohen acquired 75,000 shares of Talkspace stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $2.86 per share, with a total value 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 $6,486,422.80. This trade represents a 3.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 82,270 shares of company stock worth $235,312. Insiders own 21.70% of the company’s stock.

Talkspace Trading Up 3.3 %

Shares of TALK opened at $2.85 on Friday. The company has a market cap of $480.05 million, a price-to-earnings ratio of 285.29 and a beta of 1.15. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The company’s fifty day simple moving average is $3.21 and its 200 day simple moving average is $2.92.

Talkspace (NASDAQ:TALK) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $48.72 million for the quarter, compared to the consensus estimate of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. As a group, research analysts forecast that Talkspace, Inc. will post 0.08 earnings per share for the current year.

About Talkspace

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.