Belvedere Trading LLC Acquires New Position in Talkspace, Inc. (NASDAQ:TALK)

Belvedere Trading LLC acquired a new stake in shares of Talkspace, Inc. (NASDAQ:TALK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,006 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors have also bought and sold shares of the stock. Creative Planning increased its stake in Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after purchasing an additional 6,179 shares during the period. MetLife Investment Management LLC increased its stake in 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 purchasing an additional 8,764 shares during the period. Aigen Investment Management LP increased its stake in Talkspace by 37.8% in the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock worth $74,000 after purchasing an additional 9,766 shares during the period. Sugar Maple Asset Management LLC increased its stake in Talkspace by 75.0% in the 4th quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company’s stock worth $87,000 after purchasing an additional 12,000 shares during the period. Finally, FMR LLC increased its stake in Talkspace by 24.2% in 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. 57.37% of the stock is owned by hedge funds and other institutional investors.

Talkspace Stock Down 2.2 %

NASDAQ TALK opened at $4.08 on Tuesday. Talkspace, Inc. has a twelve month low of $1.60 and a twelve month high of $4.31. The firm has a market capitalization of $689.19 million, a PE ratio of -408.00 and a beta of 1.14. The stock’s 50 day moving average is $3.28 and its 200 day moving average is $2.77.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Barclays boosted their target price on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Northland Capmk raised Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. KeyCorp started coverage on Talkspace in a research note on Monday, December 9th. They set an “overweight” rating and a $4.50 target price on the stock. Finally, Northland Securities started coverage on Talkspace in a research note on Wednesday, November 20th. They set an “outperform” rating and a $5.00 target price on the stock. 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.com, the stock currently has an average rating of “Buy” and a consensus target price of $4.38.

About Talkspace

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.