Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $69,000 in Talkspace, Inc. (NASDAQ:TALK)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Talkspace, Inc. (NASDAQ:TALK) during the 4th quarter, Holdings Channel reports. The fund bought 22,319 shares of the company’s stock, valued at approximately $69,000.

Several other large investors have also recently made changes to their positions in TALK. JPMorgan Chase & Co. grew its position in Talkspace by 448.3% in the third quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company’s stock worth $1,101,000 after acquiring an additional 430,861 shares in the last quarter. Evernest Financial Advisors LLC purchased a new position in Talkspace in the fourth quarter worth about $337,000. Royce & Associates LP purchased a new position in Talkspace in the third quarter worth about $1,045,000. Barclays PLC grew its position in Talkspace by 322.3% in the third quarter. Barclays PLC now owns 175,990 shares of the company’s stock worth $368,000 after acquiring an additional 134,313 shares in the last quarter. Finally, State Street Corp grew its position in Talkspace by 36.4% in the third quarter. State Street Corp now owns 2,176,589 shares of the company’s stock worth $4,549,000 after acquiring an additional 580,826 shares in the last quarter. 57.37% of the stock is owned by institutional investors.

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $2.91 on Friday. The business has a 50 day simple moving average of $3.25 and a two-hundred day simple moving average of $2.88. Talkspace, Inc. has a 1 year low of $1.60 and a 1 year high of $4.36. The firm has a market capitalization of $491.57 million, a PE 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 earnings per share for the quarter, meeting the consensus estimate of $0.01. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. The firm had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Equities research analysts expect that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jon R. Cohen purchased 75,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $2.86 per share, with a total value of $214,500.00. Following the completion of the purchase, the chief executive officer now owns 2,267,980 shares of the company’s stock, valued at approximately $6,486,422.80. The trade was a 3.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 82,270 shares of company stock valued at $235,312. Corporate insiders own 21.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TALK. KeyCorp began coverage on Talkspace in a research report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price target for the company. Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Mizuho initiated coverage on Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price for the company. Northland Securities initiated coverage on Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 target price for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.