Talkspace, Inc. (NASDAQ:TALK) Stock Position Lifted by Aigen Investment Management LP

Aigen Investment Management LP grew its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 37.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,568 shares of the company’s stock after buying an additional 9,766 shares during the period. Aigen Investment Management LP’s holdings in Talkspace were worth $74,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Talkspace by 2,480.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock worth $814,000 after buying an additional 340,030 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Talkspace during the 2nd quarter worth approximately $921,000. Divisadero Street Capital Management LP raised its position in shares of Talkspace by 13.2% during the 2nd quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company’s stock worth $7,157,000 after purchasing an additional 361,717 shares during the period. Vanguard Group Inc. raised its position in shares of Talkspace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,885,681 shares of the company’s stock worth $21,012,000 after purchasing an additional 84,933 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Talkspace during the 2nd quarter worth approximately $38,000. Institutional investors own 57.37% of the company’s stock.

Talkspace Price Performance

TALK opened at $3.04 on Monday. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $3.92. The stock has a market cap of $513.52 million, a P/E ratio of -304.00 and a beta of 1.11. The stock’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.36.

Talkspace (NASDAQ:TALK) last posted its earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. The firm had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $47.50 million. During the same period last year, the firm earned ($0.03) EPS. Equities analysts anticipate that Talkspace, Inc. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

TALK has been the topic of a number of research reports. Barclays increased their price target on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th.

Insider Activity at Talkspace

In other news, CFO Ian Jiro Harris purchased 23,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $2.11 per share, with a total value of $48,741.00. Following the purchase, the chief financial officer now owns 397,657 shares in the company, valued at $839,056.27. This trade represents a 6.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.70% of the stock is owned by insiders.

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.