Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys Shares of 22,319 Talkspace, Inc. (NASDAQ:TALK)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Talkspace, Inc. (NASDAQ:TALK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,319 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors have also added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after buying an additional 6,179 shares during the last quarter. MetLife Investment Management LLC boosted its stake 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. Aigen Investment Management LP boosted its stake in shares of 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 buying an additional 9,766 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Talkspace by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company’s stock worth $1,203,000 after buying an additional 10,835 shares during the last quarter. Finally, Sugar Maple Asset Management LLC boosted its stake 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 buying an additional 12,000 shares during the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Talkspace

In other Talkspace news, CEO Jon R. Cohen purchased 75,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.86 per share, with a total value of $214,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,267,980 shares in the company, valued at $6,486,422.80. The trade was a 3.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 82,270 shares of company stock valued at $235,312 over the last ninety days. 21.70% of the stock is currently owned by company insiders.

Talkspace Stock Performance

Shares of Talkspace stock opened at $2.91 on Friday. Talkspace, Inc. has a one year low of $1.60 and a one year high of $4.36. The stock’s fifty day moving average is $3.25 and its 200 day moving average is $2.88. The stock has a market cap of $491.57 million, a P/E ratio of 291.29 and a beta of 1.15.

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

Analyst Ratings Changes

TALK has been the topic of a number of research reports. Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Northland Securities initiated coverage on Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price target on the stock. Mizuho began coverage on Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price target on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a report on Friday, February 21st. Finally, KeyCorp began coverage on Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $4.38.

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.