Goldman Sachs Group Inc. Cuts Stake in Talkspace, Inc. $TALK

Goldman Sachs Group Inc. lowered its holdings in shares of Talkspace, Inc. (NASDAQ:TALK) by 51.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,611,209 shares of the company’s stock after selling 1,707,446 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.96% of Talkspace worth $4,125,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TALK. CenterBook Partners LP grew its position in shares of Talkspace by 410.5% during the first quarter. CenterBook Partners LP now owns 1,155,006 shares of the company’s stock worth $2,957,000 after purchasing an additional 928,744 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in Talkspace during the first quarter valued at approximately $1,298,000. Deutsche Bank AG boosted its stake in Talkspace by 10.6% during the first quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock valued at $13,069,000 after buying an additional 489,510 shares during the last quarter. Vanguard Group Inc. boosted its stake in Talkspace by 6.5% during the first quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock valued at $19,585,000 after buying an additional 469,543 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Talkspace by 963.3% during the first quarter. AQR Capital Management LLC now owns 464,599 shares of the company’s stock valued at $1,189,000 after buying an additional 420,906 shares during the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Talkspace Trading Up 2.0%

Shares of Talkspace stock opened at $2.54 on Thursday. The stock has a 50 day moving average of $2.56 and a 200 day moving average of $2.77. Talkspace, Inc. has a 12 month low of $1.88 and a 12 month high of $4.36. The firm has a market cap of $425.37 million, a PE ratio of 127.06 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 net margin of 1.41% and a return on equity of 2.48%. The firm had revenue of $54.31 million for the quarter, compared to the consensus estimate of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Talkspace Company 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.