Evernest Financial Advisors LLC Purchases New Holdings in Talkspace, Inc. (NASDAQ:TALK)

Evernest Financial Advisors LLC acquired a new position in shares of Talkspace, Inc. (NASDAQ:TALK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 109,000 shares of the company’s stock, valued at approximately $337,000. Evernest Financial Advisors LLC owned approximately 0.06% of Talkspace as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Talkspace by 36.4% during the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company’s stock valued at $4,549,000 after purchasing an additional 580,826 shares during the period. Royce & Associates LP bought a new stake in shares of Talkspace during the third quarter worth approximately $1,045,000. JPMorgan Chase & Co. raised its stake in shares of Talkspace by 448.3% during the third quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company’s stock worth $1,101,000 after buying an additional 430,861 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Talkspace in the second quarter valued at approximately $921,000. Finally, Clearline Capital LP boosted its stake in Talkspace by 28.1% in the third quarter. Clearline Capital LP now owns 1,248,756 shares of the company’s stock valued at $2,610,000 after acquiring an additional 273,994 shares during the last quarter. 57.37% of the stock is currently owned by institutional investors.

Talkspace Stock Down 1.3 %

TALK opened at $3.14 on Friday. The firm’s fifty day simple moving average is $3.21 and its 200 day simple moving average is $2.62. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $3.92.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $47.50 million. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, research analysts predict that Talkspace, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

TALK has been the topic of a number of analyst reports. Barclays increased their price target on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Mizuho began coverage on Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 target price on the stock. Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, KeyCorp initiated coverage on Talkspace in a report on Monday, December 9th. They set an “overweight” rating and a $4.50 target price on the stock. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $4.38.

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.