Talkspace, Inc. (NASDAQ:TALK) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 274.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 561,200 shares of the company’s stock after purchasing an additional 411,200 shares during the period. First Eagle Investment Management LLC owned 0.33% of Talkspace worth $1,734,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TALK. Aigen Investment Management LP increased its holdings in shares of Talkspace by 37.8% during the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock worth $74,000 after buying an additional 9,766 shares during the last quarter. Royce & Associates LP purchased a new stake in Talkspace during the third quarter valued at about $1,045,000. Sugar Maple Asset Management LLC acquired a new stake in Talkspace during the third quarter worth about $33,000. Intech Investment Management LLC purchased a new position in shares of Talkspace in the 3rd quarter worth about $56,000. Finally, FMR LLC grew its holdings in shares of Talkspace by 24.2% during the 3rd quarter. FMR LLC now owns 124,085 shares of the company’s stock worth $259,000 after purchasing an additional 24,198 shares during the period. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

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

Talkspace Price Performance

NASDAQ:TALK opened at $2.85 on Monday. The firm has a 50-day moving average of $3.21 and a two-hundred day moving average of $2.93. The stock has a market cap of $480.05 million, a P/E 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.

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

Insider Transactions at Talkspace

In related news, CEO Jon R. Cohen purchased 75,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $2.86 per share, with a total value of $214,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,267,980 shares of the company’s stock, valued at approximately $6,486,422.80. The trade was a 3.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 82,270 shares of company stock valued at $235,312. 21.70% of the stock is currently owned by corporate insiders.

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.