Harbor Capital Advisors Inc. Invests $450,000 in Talkspace, Inc. $TALK

Harbor Capital Advisors Inc. acquired a new position in Talkspace, Inc. (NASDAQ:TALK) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 123,900 shares of the company’s stock, valued at approximately $450,000. Harbor Capital Advisors Inc. owned 0.07% of Talkspace as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of Talkspace by 526.9% in the third quarter. Royce & Associates LP now owns 2,174,262 shares of the company’s stock worth $6,001,000 after acquiring an additional 1,827,459 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Talkspace by 18.1% in the third quarter. First Eagle Investment Management LLC now owns 1,890,630 shares of the company’s stock worth $5,218,000 after acquiring an additional 289,500 shares during the period. Metavasi Capital LP boosted its stake in shares of Talkspace by 15.8% in the second quarter. Metavasi Capital LP now owns 1,318,577 shares of the company’s stock worth $3,666,000 after acquiring an additional 179,478 shares during the period. FreeGulliver LLC bought a new position in shares of Talkspace in the third quarter worth about $83,000. Finally, Xponance Inc. bought a new position in shares of Talkspace in the third quarter worth about $31,000. Institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Talkspace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. KeyCorp lowered Talkspace from an “overweight” rating to a “hold” rating in a research note on Tuesday, March 10th. Barclays dropped their price target on Talkspace from $5.50 to $5.25 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Canaccord Genuity Group lowered Talkspace from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, William Blair lowered Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Talkspace presently has a consensus rating of “Hold” and a consensus price target of $5.56.

Talkspace Trading Up 0.4%

Shares of Talkspace stock opened at $5.20 on Tuesday. The stock has a 50 day moving average of $4.64 and a 200 day moving average of $3.76. Talkspace, Inc. has a 12 month low of $2.22 and a 12 month high of $5.20. The firm has a market cap of $868.82 million, a PE ratio of 104.02 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Talkspace had a return on equity of 6.89% and a net margin of 3.40%.The company had revenue of $63.00 million during the quarter, compared to analyst estimates of $61.91 million. As a group, equities research analysts forecast that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Talkspace Profile

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.