Bailard Inc. Makes New Investment in Talkspace, Inc. (NASDAQ:TALK)

Bailard Inc. purchased a new stake in Talkspace, Inc. (NASDAQ:TALK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 88,100 shares of the company’s stock, valued at approximately $272,000.

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

Talkspace Stock Down 3.8 %

Shares of NASDAQ:TALK opened at $2.76 on Thursday. The firm has a market cap of $466.23 million, a P/E ratio of 276.28 and a beta of 1.15. Talkspace, Inc. has a 12-month low of $1.60 and a 12-month high of $4.36. The business has a fifty day simple moving average of $3.26 and a 200 day simple moving average of $2.87.

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

Analysts Set New Price Targets

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

Insider Transactions at Talkspace

In other news, CEO Jon R. Cohen bought 75,000 shares of the 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 of the company’s stock, valued at approximately $6,486,422.80. This represents a 3.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 82,270 shares of company stock worth $235,312. Company insiders own 21.70% 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.