Nuveen Asset Management LLC Boosts Holdings in Talkspace, Inc. (NASDAQ:TALK)

Nuveen Asset Management LLC lifted its stake in Talkspace, Inc. (NASDAQ:TALK) by 170.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 604,947 shares of the company’s stock after buying an additional 380,990 shares during the period. Nuveen Asset Management LLC owned approximately 0.36% of Talkspace worth $1,869,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. MetLife Investment Management LLC grew its position in shares of Talkspace by 87.9% in the 4th quarter. MetLife Investment Management LLC now owns 77,294 shares of the company’s stock valued at $239,000 after buying an additional 36,154 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Talkspace by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company’s stock valued at $9,512,000 after buying an additional 63,072 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Talkspace by 87.3% in the 4th quarter. JPMorgan Chase & Co. now owns 987,220 shares of the company’s stock valued at $3,051,000 after buying an additional 460,248 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Talkspace by 829.3% in the 4th quarter. New York State Common Retirement Fund now owns 38,100 shares of the company’s stock valued at $118,000 after buying an additional 34,000 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Talkspace by 48.5% in the 4th quarter. Legal & General Group Plc now owns 36,146 shares of the company’s stock valued at $112,000 after buying an additional 11,809 shares during the last quarter. 57.37% of the stock is owned by hedge funds and other institutional investors.

Talkspace Stock Performance

TALK stock opened at $3.41 on Wednesday. Talkspace, Inc. has a one year low of $1.60 and a one year high of $4.36. The stock has a market capitalization of $570.54 million, a PE ratio of 341.34 and a beta of 1.12. The company has a fifty day moving average of $2.92 and a 200-day moving average of $3.10.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Talkspace in a research report on Thursday, April 3rd. They issued a “buy” rating and a $5.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $4.50.

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.