Bailard Inc. Buys New Shares in Talkspace, Inc. (NASDAQ:TALK)

Bailard Inc. purchased a new position in shares of Talkspace, Inc. (NASDAQ:TALK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 88,100 shares of the company’s stock, valued at approximately $272,000. Bailard Inc. owned approximately 0.05% of Talkspace at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TALK. Sugar Maple Asset Management LLC bought a new stake in Talkspace during the third quarter worth about $33,000. Belvedere Trading LLC acquired a new stake in shares of Talkspace in the fourth quarter valued at approximately $37,000. Creative Planning boosted its stake in shares of Talkspace by 30.6% during the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after acquiring an additional 6,179 shares during the period. Intech Investment Management LLC acquired a new position in shares of Talkspace during the 3rd quarter worth approximately $56,000. Finally, Aigen Investment Management LP raised its stake in Talkspace by 37.8% in the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after acquiring an additional 9,766 shares during the period. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Stock Down 3.8 %

NASDAQ TALK opened at $2.76 on Thursday. The firm has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $2.87. Talkspace, Inc. has a 12-month low of $1.60 and a 12-month high of $4.36. The company has a market capitalization of $466.23 million, a P/E ratio of 276.28 and a beta of 1.15.

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

Insider Activity

In related news, CEO Jon R. Cohen purchased 75,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $2.86 per share, with a total value of $214,500.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders purchased 82,270 shares of company stock worth $235,312. 21.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.