AWM Investment Company Inc. Increases Holdings 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. raised its holdings in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,968,500 shares of the company's stock after buying an additional 150,000 shares during the period. AWM Investment Company Inc. owned about 2.37% of Talkspace worth $10,159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TALK. Deutsche Bank AG raised its stake in Talkspace by 103.1% in the fourth quarter. Deutsche Bank AG now owns 4,615,485 shares of the company's stock valued at $14,262,000 after buying an additional 2,342,913 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Talkspace in the fourth quarter valued at $3,179,000. CenterBook Partners LP raised its stake in Talkspace by 410.5% in the first quarter. CenterBook Partners LP now owns 1,155,006 shares of the company's stock valued at $2,957,000 after buying an additional 928,744 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Talkspace by 133.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,308 shares of the company's stock worth $3,744,000 after purchasing an additional 692,339 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Talkspace during the first quarter worth about $1,298,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Price Performance

Shares of TALK traded up $0.04 during midday trading on Monday, reaching $2.65. 396,172 shares of the stock were exchanged, compared to its average volume of 1,828,969. The business's 50-day moving average price is $2.59 and its 200 day moving average price is $2.79. Talkspace, Inc. has a twelve month low of $1.75 and a twelve month high of $4.36. The company has a market capitalization of $442.96 million, a price-to-earnings ratio of 132.32 and a beta of 1.09.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its 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 firm had revenue of $54.31 million for the quarter, compared to analyst estimates of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

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.