Oppenheimer Asset Management Inc. Takes $83,000 Position in Talkspace, Inc. $TALK

Oppenheimer Asset Management Inc. purchased a new stake in shares of Talkspace, Inc. (NASDAQ:TALK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,899 shares of the company’s stock, valued at approximately $83,000.

A number of other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Talkspace during the 1st quarter valued at about $104,000. Josh Arnold Investment Consultant LLC purchased a new position in shares of Talkspace during the first quarter worth approximately $640,000. Vanguard Group Inc. raised its stake in shares of Talkspace by 6.5% during the first quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock worth $19,585,000 after acquiring an additional 469,543 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Talkspace by 10.6% during the first quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock worth $13,069,000 after acquiring an additional 489,510 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new position in shares of Talkspace during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Talkspace Trading Up 1.5%

TALK stock opened at $3.28 on Tuesday. The firm’s 50-day moving average price is $2.74 and its two-hundred day moving average price is $2.78. Talkspace, Inc. has a 12-month low of $2.22 and a 12-month high of $4.36. The stock has a market capitalization of $549.30 million, a price-to-earnings ratio of 109.37 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Talkspace had a return on equity of 3.70% and a net margin of 1.98%.The company had revenue of $59.38 million for the quarter, compared to the consensus estimate of $57.45 million. Talkspace has set its FY 2025 guidance at EPS. Equities analysts predict that Talkspace, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Talkspace from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Talkspace in a report on Wednesday, October 8th. Zacks Research downgraded Talkspace from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Needham & Company LLC upgraded Talkspace from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.10.

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.