Russell Investments Group Ltd. Has $1.02 Million Stock Holdings in Talkspace, Inc. (NASDAQ:TALK)

Russell Investments Group Ltd. lifted its holdings in Talkspace, Inc. (NASDAQ:TALK) by 30.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,470,991 shares of the company’s stock after purchasing an additional 346,217 shares during the quarter. Russell Investments Group Ltd. owned about 0.91% of Talkspace worth $1,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Talkspace in the 1st quarter valued at approximately $53,000. Two Sigma Investments LP acquired a new position in shares of Talkspace in the 4th quarter valued at approximately $25,000. Jane Street Group LLC acquired a new position in shares of Talkspace in the 2nd quarter valued at approximately $109,000. Walleye Capital LLC acquired a new position in shares of Talkspace in the 2nd quarter valued at approximately $140,000. Finally, Renaissance Technologies LLC lifted its stake in Talkspace by 89.0% in the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the company’s stock valued at $434,000 after acquiring an additional 120,200 shares in the last quarter. 46.36% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Stock Performance

NASDAQ TALK opened at $1.62 on Friday. The stock has a market capitalization of $269.76 million, a price-to-earnings ratio of -5.40 and a beta of 1.19. The stock’s 50 day moving average price is $1.48 and its two-hundred day moving average price is $1.10. Talkspace, Inc. has a 52 week low of $0.52 and a 52 week high of $1.81.

Talkspace (NASDAQ:TALK) last released its earnings results on Thursday, July 27th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $35.65 million for the quarter, compared to analysts’ expectations of $33.25 million. Talkspace had a negative return on equity of 35.11% and a negative net margin of 38.70%. On average, equities research analysts forecast that Talkspace, Inc. will post -0.19 EPS for the current year.

About Talkspace

Talkspace, Inc operates as a virtual behavioral healthcare company. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans through both business-to-business and business-to-consumer channels. It provides text, audio, and video-based psychotherapy from licensed therapists.