Goldman Sachs Group Inc. Sells 1,707,446 Shares of Talkspace, Inc. $TALK

Key Points

• Goldman Sachs reduced its stake in Talkspace by 51.4% during the first quarter, owning approximately 1.6 million shares worth $4.1 million.
• Other institutional investors have also made significant changes, with CenterBook Partners LP increasing their position by 410.5% to own over 1.1 million shares.
• Talkspace reported a net margin of 1.41% and missed earnings estimates with $0.00 EPS, despite having quarterly revenue of $54.31 million.

Goldman Sachs Group Inc. reduced its stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 51.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,611,209 shares of the company's stock after selling 1,707,446 shares during the quarter. Goldman Sachs Group Inc. owned 0.96% of Talkspace worth $4,125,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TALK. Financial Management Professionals Inc. bought a new stake in Talkspace in the 1st quarter valued at $29,000. Integrity Alliance LLC. bought a new stake in Talkspace in the 1st quarter valued at $35,000. McAdam LLC bought a new stake in Talkspace in the 1st quarter valued at $44,000. EntryPoint Capital LLC bought a new stake in Talkspace in the 1st quarter valued at $45,000. Finally, Ameriprise Financial Inc. bought a new stake in Talkspace in the 4th quarter valued at $53,000. 57.37% of the stock is owned by institutional investors.

Talkspace Stock Down 3.4%

TALK traded down $0.09 during trading on Friday, hitting $2.56. The company had a trading volume of 3,113,215 shares, compared to its average volume of 1,068,895. The company has a market capitalization of $428.72 million, a PE ratio of 128.06 and a beta of 1.09. Talkspace, Inc. has a one year low of $1.88 and a one year high of $4.36. The firm's 50-day moving average price is $2.56 and its 200 day moving average price is $2.77.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.01 by ($0.01). Talkspace had a net margin of 1.41% and a return on equity of 2.48%. The company 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. Sell-side analysts forecast 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.