23,135 Shares in Talkspace, Inc. (NASDAQ:TALK) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new stake in shares of Talkspace, Inc. (NASDAQ:TALK) in the fourth quarter, HoldingsChannel reports. The fund acquired 23,135 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds have also recently bought and sold shares of the business. Cibc World Markets Corp purchased a new position in shares of Talkspace during the 4th quarter valued at approximately $36,000. Belvedere Trading LLC bought a new stake in shares of Talkspace in the fourth quarter worth $37,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Talkspace in the fourth quarter valued at $69,000. Stifel Financial Corp bought a new position in Talkspace during the 4th quarter valued at $75,000. Finally, Sugar Maple Asset Management LLC grew its holdings in Talkspace by 75.0% during the 4th quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company’s stock worth $87,000 after acquiring an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Stock Down 0.6 %

Shares of NASDAQ:TALK opened at $3.10 on Tuesday. The company has a market cap of $522.15 million, a PE ratio of 310.31 and a beta of 1.16. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.36. The firm has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $3.09.

Talkspace (NASDAQ:TALK) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $48.72 million during the quarter, compared to analyst estimates of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. As a group, research analysts forecast that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jon R. Cohen purchased 75,000 shares of Talkspace stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $2.86 per share, with a total value of $214,500.00. Following the completion of the acquisition, the chief executive officer now owns 2,267,980 shares in the company, valued at $6,486,422.80. The trade was a 3.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 82,270 shares of company stock worth $235,312 in the last three months. 21.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TALK shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research report on Friday, February 21st. Canaccord Genuity Group began coverage on Talkspace in a research report on Thursday, April 3rd. They issued a “buy” rating and a $5.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $4.50.

About Talkspace

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.