Deutsche Bank AG Raises Stake in Talkspace, Inc. (NASDAQ: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 boosted its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,104,995 shares of the company's stock after acquiring an additional 489,510 shares during the period. Deutsche Bank AG owned 3.03% of Talkspace worth $13,069,000 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 stake in Talkspace during the 1st quarter valued at about $29,000. Ameriprise Financial Inc. purchased a new stake in shares of Talkspace in the 4th quarter valued at approximately $53,000. Blair William & Co. IL purchased a new stake in shares of Talkspace in the 1st quarter valued at approximately $54,000. CWM LLC grew its stake in shares of Talkspace by 1,230.7% in the 1st 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 period. Finally, Oxford Asset Management LLP purchased a new stake in shares of Talkspace in the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 57.37% of the company's stock.

Talkspace Trading Up 1.2%

Shares of NASDAQ TALK traded up $0.03 during mid-day trading on Friday, reaching $2.56. The company had a trading volume of 1,425,888 shares, compared to its average volume of 1,613,638. The firm has a 50 day simple moving average of $2.65 and a two-hundred day simple moving average of $2.91. The stock has a market cap of $428.72 million, a P/E ratio of 128.06 and a beta of 1.06. Talkspace, Inc. has a 52-week low of $1.68 and a 52-week high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last issued 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 business had revenue of $54.31 million for the quarter, compared to analysts' expectations of $54.08 million. On average, equities analysts expect that Talkspace, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $4.50.

Insider Activity at Talkspace

In related news, CMO Katelyn Watson sold 39,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $3.30, for a total value of $128,700.00. Following the completion of the sale, the chief marketing officer owned 433,997 shares in the company, valued at $1,432,190.10. This trade represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.50% of the company's stock.

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.