Dimensional Fund Advisors LP Raises Stake in Talkspace, Inc. $TALK

Key Points

• Dimensional Fund Advisors increased its Talkspace stake by 12.3% in the first quarter, bringing its holdings to 2.71 million shares, or about 1.62% of the company. Institutional investors collectively own 57.37% of Talkspace.
• Talkspace reported a quarterly loss of $0.01 per share, missing the $0.01 consensus estimate, while revenue of $61.67 million fell short of expectations of $67.99 million.
• Shares opened at $5.22, near the 52-week high of $5.25. Analysts maintain a consensus “Hold” rating with an average price target of $5.56, while an insider sold shares to cover tax withholding obligations.

Dimensional Fund Advisors LP increased its holdings in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,711,641 shares of the company's stock after buying an additional 295,984 shares during the quarter. Dimensional Fund Advisors LP owned about 1.62% of Talkspace worth $14,033,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TALK. ABC Arbitrage SA purchased a new stake in shares of Talkspace in the 1st quarter valued at $2,009,000. Hsbc Holdings PLC purchased a new position in shares of Talkspace during the first quarter worth $1,703,000. Occam Crest Management LP raised its holdings in shares of Talkspace by 77.7% during the fourth quarter. Occam Crest Management LP now owns 1,830,000 shares of the company's stock worth $6,643,000 after purchasing an additional 800,000 shares during the last quarter. Credit Industriel ET Commercial acquired a new position in Talkspace during the first quarter valued at $2,252,000. Finally, Royce & Associates LP lifted its position in Talkspace by 39.7% during the fourth quarter. Royce & Associates LP now owns 3,036,360 shares of the company's stock valued at $11,022,000 after purchasing an additional 862,098 shares during the period. 57.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Talkspace

In related news, insider John Charles Reilly sold 55,144 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $5.21, for a total value of $287,300.24. Following the completion of the transaction, the insider directly owned 1,057,975 shares in the company, valued at $5,512,049.75. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 23.50% of the stock is currently owned by company insiders.

Talkspace Trading Up 0.2%

Shares of TALK stock opened at $5.22 on Friday. The stock has a 50 day moving average of $5.21 and a 200 day moving average of $4.95. The stock has a market cap of $874.40 million, a P/E ratio of 522.00 and a beta of 1.10. Talkspace, Inc. has a twelve month low of $2.45 and a twelve month high of $5.25.

Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Talkspace had a return on equity of 1.03% and a net margin of 0.49%.The company had revenue of $61.67 million during the quarter, compared to analysts' expectations of $67.99 million. On average, research analysts predict that Talkspace, Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Talkspace from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Talkspace has a consensus rating of "Hold" and an average price target of $5.56.

Talkspace Company Profile

Talkspace, Inc NASDAQ: TALK is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company's platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company's core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.

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