John Charles Reilly Acquires 5,470 Shares of Talkspace, Inc. (NASDAQ:TALK) Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly purchased 5,470 shares of Talkspace stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $2.88 per share, with a total value of $15,753.60. Following the completion of the transaction, the insider now directly owns 875,266 shares of the company’s stock, valued at $2,520,766.08. This represents a 0.63 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Talkspace Stock Up 2.4 %

TALK traded up $0.07 during trading on Friday, reaching $2.82. 202,639 shares of the company were exchanged, compared to its average volume of 1,743,622. Talkspace, Inc. has a 12-month low of $1.60 and a 12-month high of $4.36. The company’s 50-day moving average is $3.28 and its two-hundred day moving average is $2.83. The company has a market cap of $475.52 million, a price-to-earnings ratio of 281.78 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last posted its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $48.72 million for the quarter, compared to analysts’ expectations of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. Equities analysts forecast that Talkspace, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Talkspace

A number of hedge funds and other institutional investors have recently modified their holdings of TALK. Vanguard Group Inc. grew its stake in shares of Talkspace by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 7,180,787 shares of the company’s stock valued at $22,189,000 after buying an additional 315,741 shares during the last quarter. Deutsche Bank AG boosted its holdings in Talkspace by 103.1% during the fourth quarter. Deutsche Bank AG now owns 4,615,485 shares of the company’s stock worth $14,262,000 after buying an additional 2,342,913 shares in the last quarter. Geode Capital Management LLC raised its position in Talkspace by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company’s stock worth $9,512,000 after acquiring an additional 63,072 shares during the period. State Street Corp boosted its stake in shares of Talkspace by 36.4% in the third quarter. State Street Corp now owns 2,176,589 shares of the company’s stock worth $4,549,000 after acquiring an additional 580,826 shares during the last quarter. Finally, Voss Capital LP acquired a new position in Talkspace during the fourth quarter worth $3,981,000. 57.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a report on Friday, February 21st. Northland Securities initiated coverage on Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective on the stock. Northland Capmk raised Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. KeyCorp initiated coverage on Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 target price for the company. Finally, Mizuho initiated coverage on Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $4.38.

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.