AWM Investment Company Inc. Has $10.16 Million Stock Position in Talkspace, Inc. $TALK

Key Points

• AWM Investment Company Inc. increased its stake in Talkspace, Inc. by 3.9%, owning 3,968,500 shares valued at approximately $10.16 million as of the latest SEC filing.
• Talkspace reported earnings miss for the last quarter, with an EPS of $0.00, falling short of the $0.01 analysts' consensus, despite revenue exceeding estimates at $54.31 million.
• Analyst ratings show a favorable outlook for Talkspace, with a consensus rating of "Buy" and a price target of $4.50 from investment analysts.

AWM Investment Company Inc. lifted its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,968,500 shares of the company's stock after purchasing an additional 150,000 shares during the period. AWM Investment Company Inc. owned 2.37% of Talkspace worth $10,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TALK. Financial Management Professionals Inc. bought a new stake in shares of Talkspace during the 1st quarter valued at about $29,000. EntryPoint Capital LLC acquired a new stake in Talkspace in the first quarter worth $45,000. Ameriprise Financial Inc. acquired a new stake in Talkspace in the fourth quarter worth $53,000. CWM LLC grew its holdings in Talkspace by 1,230.7% in the first quarter. CWM LLC now owns 21,265 shares of the company's stock worth $54,000 after purchasing an additional 19,667 shares during the period. Finally, Blair William & Co. IL acquired a new stake in Talkspace in the first quarter worth $54,000. Institutional investors own 57.37% of the company's stock.

Talkspace Stock Down 0.8%

NASDAQ:TALK traded down $0.02 during trading hours on Friday, reaching $2.61. The company had a trading volume of 908,952 shares, compared to its average volume of 1,216,797. The firm has a market cap of $437.09 million, a price-to-earnings ratio of 130.57 and a beta of 1.09. The business's 50-day simple moving average is $2.59 and its two-hundred day simple moving average is $2.79. Talkspace, Inc. has a twelve month low of $1.75 and a twelve month high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last posted 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). The company had revenue of $54.31 million during the quarter, compared to analyst estimates of $54.08 million. Talkspace had a return on equity of 2.48% and a net margin of 1.41%. Talkspace has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Talkspace, Inc. will post 0.08 earnings per share for the current year.

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.