XTX Topco Ltd Has $247,000 Stock Holdings in Talkspace, Inc. (NASDAQ:TALK)

XTX Topco Ltd lowered its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 23.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 118,061 shares of the company’s stock after selling 36,563 shares during the period. XTX Topco Ltd’s holdings in Talkspace were worth $247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Talkspace by 2,480.3% during the second quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock worth $814,000 after acquiring an additional 340,030 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Talkspace during the 2nd quarter valued at about $264,000. Principal Financial Group Inc. bought a new stake in shares of Talkspace in the 2nd quarter valued at approximately $38,000. Rhumbline Advisers increased its holdings in Talkspace by 2,357.6% in the second quarter. Rhumbline Advisers now owns 135,215 shares of the company’s stock worth $311,000 after buying an additional 129,713 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Talkspace during the second quarter valued at approximately $921,000. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TALK. KeyCorp initiated coverage on shares of Talkspace in a research report on Monday, December 9th. They issued an “overweight” rating and a $4.50 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a report on Wednesday, October 30th. Mizuho began coverage on Talkspace in a report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price on the stock. Northland Capmk raised Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Finally, Northland Securities assumed coverage on Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Talkspace currently has a consensus rating of “Buy” and an average target price of $4.38.

Talkspace Trading Down 5.2 %

Shares of TALK stock opened at $3.09 on Thursday. The firm has a market capitalization of $521.97 million, a P/E ratio of -309.00 and a beta of 1.12. Talkspace, Inc. has a 1 year low of $1.60 and a 1 year high of $3.92. The firm’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $2.44.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $47.40 million for the quarter, compared to the consensus estimate of $47.50 million. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. During the same quarter in the previous year, the company earned ($0.03) earnings per share.

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.