Ieq Capital LLC Acquires Shares of 38,956 Talkspace, Inc. $TALK

Ieq Capital LLC purchased a new position in Talkspace, Inc. (NASDAQ:TALK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,956 shares of the company’s stock, valued at approximately $100,000.

A number of other large investors have also recently made changes to their positions in TALK. Deutsche Bank AG grew its stake in shares of Talkspace by 103.1% in the fourth quarter. Deutsche Bank AG now owns 4,615,485 shares of the company’s stock worth $14,262,000 after acquiring an additional 2,342,913 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Talkspace in the fourth quarter worth approximately $3,179,000. CenterBook Partners LP grew its stake in shares of Talkspace by 410.5% in the first quarter. CenterBook Partners LP now owns 1,155,006 shares of the company’s stock worth $2,957,000 after acquiring an additional 928,744 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Talkspace by 133.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,308 shares of the company’s stock worth $3,744,000 after acquiring an additional 692,339 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Talkspace in the first quarter worth approximately $1,298,000. 57.37% of the stock is currently owned by institutional investors.

Talkspace Stock Up 2.3%

Shares of TALK stock opened at $2.67 on Tuesday. The company has a 50 day moving average price of $2.58 and a 200-day moving average price of $2.79. Talkspace, Inc. has a 52 week low of $1.75 and a 52 week high of $4.36. The firm has a market capitalization of $447.14 million, a PE ratio of 133.57 and a beta of 1.09.

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