American Century Companies Inc. Buys 300,476 Shares of Talkspace, Inc. $TALK

American Century Companies Inc. raised its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,750,434 shares of the company’s stock after purchasing an additional 300,476 shares during the period. American Century Companies Inc. owned 4.03% of Talkspace worth $18,766,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TALK. Integrity Alliance LLC. purchased a new position in shares of Talkspace during the 1st quarter valued at about $35,000. Parallel Advisors LLC bought a new stake in Talkspace during the 2nd quarter worth approximately $43,000. McAdam LLC purchased a new position in Talkspace during the first quarter valued at approximately $44,000. EntryPoint Capital LLC bought a new position in shares of Talkspace in the first quarter worth approximately $45,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Talkspace in the second quarter worth $52,000. Institutional investors own 57.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TALK shares. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of Talkspace in a research note on Tuesday. Zacks Research raised Talkspace from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Talkspace in a research note on Monday. Finally, Canaccord Genuity Group increased their target price on Talkspace from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Talkspace presently has an average rating of “Moderate Buy” and an average price target of $5.13.

Talkspace Stock Performance

NASDAQ TALK opened at $3.07 on Wednesday. The business’s 50 day moving average price is $3.02 and its 200-day moving average price is $2.82. Talkspace, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $4.36. The company has a market cap of $508.58 million, a P/E ratio of 102.37 and a beta of 1.20.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Talkspace had a net margin of 1.98% and a return on equity of 3.75%. The company had revenue of $59.38 million during the quarter, compared to analyst estimates of $57.45 million. As a group, equities analysts predict that Talkspace, Inc. will post 0.08 EPS for the current year.

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.