Barclays PLC Has $368,000 Position in Talkspace, Inc. (NASDAQ:TALK)

Barclays PLC increased its holdings in Talkspace, Inc. (NASDAQ:TALK) by 322.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 175,990 shares of the company’s stock after buying an additional 134,313 shares during the quarter. Barclays PLC’s holdings in Talkspace were worth $368,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Talkspace by 2,480.3% in the second quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock worth $814,000 after purchasing an additional 340,030 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Talkspace during the second quarter worth about $921,000. Divisadero Street Capital Management LP grew its stake in Talkspace by 13.2% during the second quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company’s stock worth $7,157,000 after buying an additional 361,717 shares during the last quarter. Royce & Associates LP bought a new stake in Talkspace during the third quarter worth about $1,045,000. Finally, State Street Corp grew its stake in Talkspace by 36.4% during the third quarter. State Street Corp now owns 2,176,589 shares of the company’s stock worth $4,549,000 after buying an additional 580,826 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Analysts Set New Price Targets

TALK has been the topic of several research analyst reports. Northland Securities initiated coverage on shares of Talkspace in a research note on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective on the stock. KeyCorp initiated coverage on shares of Talkspace in a research note 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 research note on Wednesday, October 30th. Mizuho initiated coverage on shares of Talkspace in a research note on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price objective on the stock. Finally, Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $4.38.

Talkspace Price Performance

TALK opened at $3.22 on Friday. Talkspace, Inc. has a one year low of $1.60 and a one year high of $3.92. The company’s 50 day simple moving average is $3.24 and its 200-day simple moving average is $2.50. The stock has a market capitalization of $543.93 million, a P/E ratio of -322.00 and a beta of 1.12.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $47.50 million. During the same period in the prior year, the firm earned ($0.03) earnings per share.

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.