Talkspace, Inc. (NASDAQ:TALK) Holdings Boosted by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 274.1% in the 4th quarter, Holdings Channel reports. The firm owned 561,200 shares of the company’s stock after acquiring an additional 411,200 shares during the quarter. First Eagle Investment Management LLC’s holdings in Talkspace were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MetLife Investment Management LLC grew its stake in Talkspace by 27.1% during 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. Aigen Investment Management LP boosted its holdings in shares of Talkspace by 37.8% during the third quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock valued at $74,000 after acquiring an additional 9,766 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Talkspace by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company’s stock worth $1,203,000 after acquiring an additional 10,835 shares during the last quarter. Sugar Maple Asset Management LLC increased its holdings in shares of 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 acquiring an additional 12,000 shares during the period. Finally, Belvedere Trading LLC bought a new stake in Talkspace in the 4th quarter valued at about $37,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research report on Friday, February 21st. KeyCorp initiated coverage on Talkspace in a research report on Monday, December 9th. They set an “overweight” rating and a $4.50 price objective for the company. Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Northland Securities initiated coverage on Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price target for the company. Finally, Mizuho began coverage on Talkspace in a report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target on the stock. Two investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $4.38.

Insider Buying and Selling

In related news, CEO Jon R. Cohen bought 75,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $2.86 per share, with a total value of $214,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,267,980 shares of the company’s stock, valued at approximately $6,486,422.80. This trade represents a 3.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders acquired 82,270 shares of company stock worth $235,312. Corporate insiders own 21.70% of the company’s stock.

Talkspace Price Performance

TALK opened at $2.85 on Monday. The business has a 50 day moving average price of $3.21 and a two-hundred day moving average price of $2.93. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The company has a market capitalization of $480.05 million, a price-to-earnings ratio of 285.29 and a beta of 1.15.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. Equities analysts expect that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Talkspace 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.