Talkspace, Inc. $TALK Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Talkspace, Inc. (NASDAQ:TALK) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,650,330 shares of the company’s stock after purchasing an additional 469,543 shares during the period. Vanguard Group Inc. owned approximately 4.54% of Talkspace worth $19,585,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in shares of Talkspace during the first quarter worth about $29,000. Ameriprise Financial Inc. purchased a new stake in Talkspace in the fourth quarter valued at approximately $53,000. CWM LLC grew its holdings in Talkspace by 1,230.7% in the first quarter. CWM LLC now owns 21,265 shares of the company’s stock valued at $54,000 after purchasing an additional 19,667 shares during the period. Blair William & Co. IL purchased a new stake in Talkspace in the first quarter valued at approximately $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in Talkspace in the fourth quarter valued at approximately $72,000. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Talkspace Price Performance

TALK opened at $2.66 on Friday. The stock has a market capitalization of $445.47 million, a PE ratio of 133.07 and a beta of 1.06. The firm’s fifty day moving average price is $2.60 and its 200 day moving average price is $2.85. Talkspace, Inc. has a 12-month low of $1.75 and a 12-month high of $4.36.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.01). The company had revenue of $54.31 million during the quarter, compared to analyst estimates of $54.08 million. Talkspace had a net margin of 1.41% and a return on equity of 2.48%. Talkspace has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Talkspace

In related news, CMO Katelyn Watson sold 39,000 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $3.30, for a total value of $128,700.00. Following the sale, the chief marketing officer directly owned 433,997 shares of the company’s stock, valued at $1,432,190.10. This represents a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Talkspace presently 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.