Talkspace (NASDAQ:TALK) Given Hold Rating at Needham & Company LLC

Talkspace (NASDAQ:TALK)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday, Benzinga reports.

Separately, Barclays upped their price objective on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday.

Talkspace Trading Up 18.2 %

NASDAQ:TALK opened at $3.18 on Wednesday. The company has a market capitalization of $534.91 million, a P/E ratio of -63.60 and a beta of 1.21. Talkspace has a 12 month low of $1.41 and a 12 month high of $3.92. The business’s 50-day moving average is $2.18 and its 200 day moving average is $2.35.

Insider Activity

In other Talkspace news, CFO Ian Jiro Harris bought 19,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average price of $2.20 per share, with a total value of $42,900.00. Following the completion of the purchase, the chief financial officer now owns 347,057 shares in the company, valued at $763,525.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 21.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TALK. Principal Financial Group Inc. bought a new position in Talkspace in the second quarter worth approximately $38,000. Fifth Lane Capital LP bought a new position in Talkspace in the first quarter worth approximately $55,000. Creative Planning lifted its holdings in Talkspace by 30.6% during the third quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after buying an additional 6,179 shares during the period. Virtu Financial LLC purchased a new stake in Talkspace during the first quarter worth $74,000. Finally, Clear Harbor Asset Management LLC purchased a new position in Talkspace in the 3rd quarter worth $84,000. Institutional investors own 57.37% of the company’s stock.

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.