329,151 Shares in Talkspace, Inc. $TALK Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Talkspace, Inc. (NASDAQ:TALK) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 329,151 shares of the company’s stock, valued at approximately $1,703,000. Hsbc Holdings PLC owned 0.20% of Talkspace as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Talkspace by 963.3% during the first quarter. AQR Capital Management LLC now owns 464,599 shares of the company’s stock worth $1,189,000 after acquiring an additional 420,906 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Talkspace by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company’s stock valued at $364,000 after acquiring an additional 3,924 shares in the last quarter. Strs Ohio bought a new stake in Talkspace in the 1st quarter valued at $58,000. Creative Planning boosted its stake in Talkspace by 24.4% in the 2nd quarter. Creative Planning now owns 80,904 shares of the company’s stock worth $225,000 after purchasing an additional 15,881 shares during the period. Finally, Rhumbline Advisers boosted its stake in Talkspace by 15.9% in the 2nd quarter. Rhumbline Advisers now owns 171,477 shares of the company’s stock worth $477,000 after purchasing an additional 23,497 shares during the period. Institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.56.

Insider Activity

In related news, insider John Charles Reilly sold 40,289 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $5.20, for a total transaction of $209,502.80. Following the sale, the insider owned 1,017,686 shares in the company, valued at approximately $5,291,967.20. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Talkspace Price Performance

NASDAQ:TALK opened at $5.21 on Monday. The company has a market cap of $872.73 million, a P/E ratio of 521.52 and a beta of 1.07. Talkspace, Inc. has a twelve month low of $2.22 and a twelve month high of $5.25. The business has a 50 day moving average price of $5.21 and a two-hundred day moving average price of $4.87.

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

Talkspace Profile

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.