Janus Henderson Group PLC Invests $1.55 Million in Talkspace, Inc. $TALK

Key Points

• Janus Henderson Group initiated a Talkspace position worth approximately $1.55 million, purchasing 300,042 shares. Institutional investors collectively own 57.37% of the company.
• Analyst sentiment remains cautious: Talkspace has an average “Hold” rating, a $5.56 target price, and Weiss Ratings downgraded the stock to “Sell.”
• Talkspace reported quarterly revenue of $61.67 million and an EPS loss of $0.01, both below analyst expectations. Shares opened at $5.22, near their 52-week high of $5.25.

Janus Henderson Group PLC bought a new position in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 300,042 shares of the company's stock, valued at approximately $1,553,000. Janus Henderson Group PLC owned about 0.18% of Talkspace as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Talkspace by 963.3% in the 1st quarter. AQR Capital Management LLC now owns 464,599 shares of the company's stock worth $1,189,000 after purchasing an additional 420,906 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talkspace by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company's stock valued at $364,000 after purchasing an additional 3,924 shares in the last quarter. Strs Ohio purchased a new position in shares of Talkspace during the first quarter valued at about $58,000. Creative Planning increased its holdings in shares of Talkspace by 24.4% in the second quarter. Creative Planning now owns 80,904 shares of the company's stock worth $225,000 after purchasing an additional 15,881 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Talkspace by 15.9% in the second quarter. Rhumbline Advisers now owns 171,477 shares of the company's stock worth $477,000 after purchasing an additional 23,497 shares during the last quarter. 57.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Talkspace from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.56.

Insider Activity at Talkspace

In related news, insider John Charles Reilly sold 55,144 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $5.21, for a total transaction of $287,300.24. Following the transaction, the insider directly owned 1,057,975 shares in the company, valued at approximately $5,512,049.75. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.50% of the company's stock.

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $5.22 on Monday. The firm has a fifty day simple moving average of $5.21 and a two-hundred day simple moving average of $4.96. Talkspace, Inc. has a 52 week low of $2.45 and a 52 week high of $5.25.

Talkspace (NASDAQ:TALK - Get Free Report) last posted 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 0.17% and a net margin of 0.08%.The firm had revenue of $61.67 million for the quarter, compared to analysts' expectations of $67.99 million. On average, equities research analysts predict that Talkspace, Inc. will post 0.13 EPS for the current year.

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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