Walleye Capital LLC Invests $140,000 in Talkspace, Inc. (OTCMKTS:TALK)

Walleye Capital LLC purchased a new position in shares of Talkspace, Inc. (OTCMKTS:TALKGet Rating) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 82,133 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors have also modified their holdings of the company. Boston Partners boosted its stake in shares of Talkspace by 20.9% during the 1st quarter. Boston Partners now owns 149,053 shares of the company’s stock worth $259,000 after acquiring an additional 25,802 shares in the last quarter. Walleye Trading LLC purchased a new stake in shares of Talkspace during the 2nd quarter worth approximately $47,000. XTX Topco Ltd purchased a new stake in shares of Talkspace during the 1st quarter worth approximately $53,000. State Street Corp boosted its stake in shares of Talkspace by 4.4% during the 1st quarter. State Street Corp now owns 844,173 shares of the company’s stock worth $1,469,000 after acquiring an additional 35,535 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. purchased a new stake in shares of Talkspace during the 1st quarter worth approximately $155,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TALK shares. SVB Leerink reduced their target price on Talkspace from $2.00 to $1.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 9th. Citigroup reduced their target price on Talkspace from $1.65 to $1.00 in a research note on Tuesday, November 15th.

Talkspace Stock Performance

TALK stock opened at $0.62 on Monday. The stock’s 50 day moving average price is $0.87 and its 200 day moving average price is $1.30. The firm has a market cap of $99.02 million, a P/E ratio of -1.17 and a beta of 0.66. Talkspace, Inc. has a 1 year low of $0.52 and a 1 year high of $2.33.

Insider Buying and Selling at Talkspace

In other Talkspace news, CTO Gil Margolin sold 55,800 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $1.11, for a total value of $61,938.00. Following the completion of the transaction, the chief technology officer now directly owns 168,594 shares in the company, valued at approximately $187,139.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.00% of the stock is currently owned by insiders.

Talkspace Profile

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Talkspace, Inc operates as a virtual behavior healthcare company. It delivers healthcare through encrypted web and mobile platform. The company offers treatment options for every need, including psychiatry or adolescent, individual, or couples therapy. The members can send text, video, and voice messages to their therapists and engage in live video sessions.

See Also

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Institutional Ownership by Quarter for Talkspace (OTCMKTS:TALK)

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