Deutsche Bank AG Buys 489,510 Shares of Talkspace, Inc. $TALK

Key Points

• Deutsche Bank AG increased its stake in Talkspace, Inc. by 10.6%, owning over 5 million shares valued at approximately $13 million.
• The company recently reported a net margin of 1.41% with a quarterly revenue of $54.31 million, exceeding analyst expectations.
• Talkspace has received varying ratings from analysts, with an average consensus rating of "Buy" and a target price of $4.50.

Deutsche Bank AG grew its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,104,995 shares of the company's stock after buying an additional 489,510 shares during the quarter. Deutsche Bank AG owned 3.03% of Talkspace worth $13,069,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Talkspace during the first quarter valued at approximately $29,000. Ameriprise Financial Inc. bought a new position in shares of Talkspace during the fourth quarter valued at approximately $53,000. Blair William & Co. IL bought a new position in shares of Talkspace during the first quarter valued at approximately $54,000. CWM LLC grew its stake in shares of Talkspace by 1,230.7% during the first quarter. CWM LLC now owns 21,265 shares of the company's stock valued at $54,000 after buying an additional 19,667 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of Talkspace during the fourth quarter valued at approximately $71,000. Institutional investors own 57.37% of the company's stock.

Talkspace Stock Down 1.3%

NASDAQ:TALK traded down $0.0350 during midday trading on Tuesday, hitting $2.5650. The stock had a trading volume of 280,393 shares, compared to its average volume of 1,890,617. Talkspace, Inc. has a one year low of $1.68 and a one year high of $4.36. The company has a market capitalization of $429.56 million, a price-to-earnings ratio of 127.81 and a beta of 1.06. The stock has a 50-day moving average of $2.64 and a 200 day moving average of $2.90.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Talkspace

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