Talkspace, Inc. $TALK Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in Talkspace, Inc. (NASDAQ:TALK) by 526.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,174,262 shares of the company’s stock after buying an additional 1,827,459 shares during the quarter. Royce & Associates LP’s holdings in Talkspace were worth $6,001,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Talkspace by 963.3% in the first quarter. AQR Capital Management LLC now owns 464,599 shares of the company’s stock worth $1,189,000 after acquiring an additional 420,906 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Talkspace by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company’s stock valued at $364,000 after acquiring an additional 3,924 shares during the last quarter. Strs Ohio purchased a new stake in Talkspace during the 1st quarter worth about $58,000. First Eagle Investment Management LLC increased its position in Talkspace by 41.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,601,130 shares of the company’s stock worth $4,451,000 after purchasing an additional 469,280 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Talkspace by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,172,179 shares of the company’s stock valued at $8,820,000 after purchasing an additional 25,508 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TALK. UBS Group reissued a “buy” rating on shares of Talkspace in a research note on Tuesday, December 30th. Wall Street Zen upgraded shares of Talkspace from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Talkspace in a report on Monday, December 29th. KeyCorp raised their price objective on shares of Talkspace from $4.00 to $5.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Needham & Company LLC upped their target price on shares of Talkspace from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Talkspace presently has an average rating of “Moderate Buy” and an average price target of $5.13.

Talkspace Price Performance

Shares of TALK opened at $4.93 on Thursday. The stock has a market capitalization of $816.70 million, a PE ratio of 98.62 and a beta of 1.18. The business’s fifty day moving average price is $4.04 and its 200 day moving average price is $3.35. Talkspace, Inc. has a 12-month low of $2.22 and a 12-month high of $5.18.

Talkspace (NASDAQ:TALK) last issued its earnings results on Thursday, February 19th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Talkspace had a net margin of 3.40% and a return on equity of 6.97%. The company had revenue of $63.00 million for the quarter, compared to analysts’ expectations of $61.91 million. As a group, research analysts anticipate that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

About Talkspace

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.