Rhumbline Advisers Grows Stock Position in Talkspace, Inc. $TALK

Rhumbline Advisers increased its holdings in Talkspace, Inc. (NASDAQ:TALK) by 15.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,980 shares of the company’s stock after buying an additional 20,261 shares during the period. Rhumbline Advisers owned about 0.09% of Talkspace worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TALK. Ameriprise Financial Inc. purchased a new stake in shares of Talkspace in the 4th quarter worth about $53,000. BNP Paribas Financial Markets purchased a new stake in shares of Talkspace in the 4th quarter worth about $72,000. Millennium Management LLC boosted its position in shares of Talkspace by 16.7% in the 4th quarter. Millennium Management LLC now owns 1,258,612 shares of the company’s stock worth $3,889,000 after buying an additional 179,996 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Talkspace by 170.1% in the 4th quarter. Nuveen Asset Management LLC now owns 604,947 shares of the company’s stock worth $1,869,000 after buying an additional 380,990 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Talkspace by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 34,622 shares of the company’s stock worth $107,000 after buying an additional 11,392 shares in the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Talkspace Stock Up 1.1%

Talkspace stock opened at $2.67 on Thursday. The firm has a market capitalization of $447.14 million, a PE ratio of 133.57 and a beta of 1.09. The firm’s 50-day simple moving average is $2.56 and its 200 day simple moving average is $2.77. Talkspace, Inc. has a 52 week low of $1.98 and a 52 week high of $4.36.

Talkspace (NASDAQ:TALK) last released its earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The firm had revenue of $54.31 million during the quarter, compared to analysts’ expectations 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, research analysts expect that Talkspace, Inc. will post 0.08 EPS for the current fiscal 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.