Talkspace (NASDAQ:TALK) Insider Sells $209,502.80 in Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly sold 40,289 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $5.20, for a total value of $209,502.80. Following the sale, the insider owned 1,017,686 shares of the company’s stock, valued at approximately $5,291,967.20. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

John Charles Reilly also recently made the following trade(s):

• On Friday, June 12th, John Charles Reilly sold 55,144 shares of Talkspace stock. The shares were sold at an average price of $5.21, for a total value of $287,300.24.

Talkspace Stock Down 0.1%

Talkspace stock opened at $5.20 on Thursday. Talkspace, Inc. has a 12-month low of $2.22 and a 12-month high of $5.23. The business’s 50-day moving average price is $5.20 and its two-hundred day moving average price is $4.60. The stock has a market cap of $870.21 million, a PE ratio of 520.02 and a beta of 1.05.

Talkspace (NASDAQ:TALK) last posted its earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Talkspace had a return on equity of 1.03% and a net margin of 0.49%.The company had revenue of $61.68 million during the quarter, compared to the consensus estimate of $63.32 million. As a group, analysts expect that Talkspace, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TALK has been the topic of a number of research analyst reports. Northland Securities lowered shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Weiss Ratings downgraded shares of Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Canaccord Genuity Group cut Talkspace from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Wall Street Zen downgraded Talkspace from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Needham & Company LLC lowered Talkspace from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.56.

Hedge Funds Weigh In On Talkspace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Talkspace by 5.4% during the third quarter. Vanguard Group Inc. now owns 9,453,000 shares of the company’s stock valued at $26,090,000 after acquiring an additional 483,012 shares during the last quarter. Deutsche Bank AG lifted its holdings in Talkspace by 14.6% during the 4th quarter. Deutsche Bank AG now owns 7,094,525 shares of the company’s stock worth $25,753,000 after buying an additional 905,304 shares during the period. Geode Capital Management LLC lifted its holdings in Talkspace by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,413,825 shares of the company’s stock worth $12,395,000 after buying an additional 15,436 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Talkspace by 38.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,060,055 shares of the company’s stock valued at $15,836,000 after buying an additional 855,015 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Talkspace by 39.7% in the 4th quarter. Royce & Associates LP now owns 3,036,360 shares of the company’s stock valued at $11,022,000 after buying an additional 862,098 shares during the last quarter. 57.37% of the stock is currently owned by institutional investors and hedge funds.

About Talkspace

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.