Talkspace, Inc. $TALK Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. has reduced its stake in Talkspace, Inc. by 8.1%, now holding 6,449,958 shares valued at approximately $16.5 million.
• Institutional investors collectively own 57.37% of Talkspace's stock, with firms like MetLife and Two Sigma significantly increasing their positions in recent quarters.
• Following a recent earnings report, Talkspace's stock maintains an average rating of "Buy," with a price target of $4.50 despite missing earnings expectations.

American Century Companies Inc. lowered its stake in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,449,958 shares of the company's stock after selling 565,602 shares during the period. American Century Companies Inc. owned approximately 3.83% of Talkspace worth $16,512,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Talkspace during the first quarter worth approximately $29,000. Ameriprise Financial Inc. acquired a new stake in Talkspace during the 4th quarter valued at $53,000. Blair William & Co. IL acquired a new stake in Talkspace during the 1st quarter valued at $54,000. CWM LLC grew its holdings in Talkspace by 1,230.7% during the 1st quarter. CWM LLC now owns 21,265 shares of the company's stock valued at $54,000 after purchasing an additional 19,667 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in Talkspace during the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 57.37% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a report on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $4.50.

Talkspace Trading Up 0.6%

NASDAQ:TALK traded up $0.02 during mid-day trading on Friday, hitting $2.68. The stock had a trading volume of 392,554 shares, compared to its average volume of 1,856,874. Talkspace, Inc. has a 52 week low of $1.75 and a 52 week high of $4.36. The stock has a market capitalization of $447.97 million, a price-to-earnings ratio of 133.82 and a beta of 1.06. The company has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $2.86.

Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.01). Talkspace had a return on equity of 2.48% and a net margin of 1.41%.The company had revenue of $54.31 million for the quarter, compared to the consensus estimate of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Talkspace, Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Talkspace

In other Talkspace news, CMO Katelyn Watson sold 39,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $3.30, for a total transaction of $128,700.00. Following the sale, the chief marketing officer directly owned 433,997 shares in the company, valued at approximately $1,432,190.10. The trade was a 8.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.50% of the company's stock.

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.