2 weeks Ago By Defense World Staff
Charles Schwab Investment Management Inc. lifted its position in shares of Talkspace, Inc. (NASDAQ:TALK – Free Report) by 2.
9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 389,312 shares of the company’s stock after purchasing an additional 10,835 shares during the period. Charles Schwab Investment Management Inc.
owned 0.23% of Talkspace worth $1,203,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
Belvedere Trading LLC bought a new position in shares of Talkspace during the 4th quarter worth approximately $37,000. Intech Investment Management LLC bought a new position in Talkspace in the 3rd quarter valued at $56,000. Sugar Maple Asset Management LLC increased its position in shares of Talkspace by 75.
0% during the 4th quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company’s stock valued at $87,000 after purchasing an additional 12,000 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Talkspace by 829.
3% during the 4th quarter. New York State Common Retirement Fund now owns 38,100 shares of the company’s stock worth $118,000 after purchasing an additional 34,000 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Talkspace by 27.
1% in the 3rd quarter. MetLife Investment Management LLC now owns 41,140 shares of the company’s stock worth $86,000 after buying an additional 8,764 shares during the last quarter. 57.
37% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and SellingIn related news, CEO Jon R. Cohen bought 75,000 shares of the company’s stock in a transaction on Friday, February 28th.
The stock was acquired at an average cost of $2.86 per share, for a total transaction of $214,500.00.
Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 82,270 shares of company stock worth $235,312 over the last ninety days.
21.70% of the stock is owned by corporate insiders. Talkspace Stock Down 1.
5 %Shares of NASDAQ:TALK opened at $2.63 on Friday. Talkspace, Inc.
has a twelve month low of $1.60 and a twelve month high of $4.36.
The firm has a market capitalization of $442.99 million, a PE ratio of 263.26 and a beta of 1.
15. The company has a 50-day moving average price of $3.16 and a two-hundred day moving average price of $2.
99. Talkspace (NASDAQ:TALK – Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.
01 earnings per share 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 business had revenue of $48.
72 million during the quarter, compared to analyst estimates of $49.94 million. Analysts anticipate that Talkspace, Inc.
will post 0.08 earnings per share for the current fiscal year. Analysts Set New Price TargetsSeveral brokerages have commented on TALK.
Mizuho assumed coverage on shares of Talkspace in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective on the stock.
KeyCorp began coverage on shares of Talkspace in a research note on Monday, December 9th. They set an “overweight” rating and a $4.50 price target for the company.
Finally, Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research note on Friday, February 21st. 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 company. According to data from MarketBeat.
com, Talkspace currently has an average rating of “Buy” and an average price target of $4.38.Check Out Our Latest Report on TalkspaceTalkspace Profile (Free Report)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.See AlsoFive stocks we like better than TalkspaceAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?MarketBeat Week in Review – 03/24 – 03/28What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole StoryShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowWhat Investors Need to Know About Upcoming IPOs4 Healthcare Stocks With Massive Gains—and More to Come.
