Josh Arnold Investment Consultant LLC Buys New Holdings in Talkspace, Inc. $TALK

Key Points

• Josh Arnold Investment Consultant LLC acquired 250,000 shares of Talkspace, Inc., valued at approximately $640,000, representing 0.5% of its holdings, making it the 14th largest position in their portfolio.
• Several hedge funds increased their stakes in Talkspace, with Price T Rowe Associates boosting its shares by 27.6% during the last quarter.
• Talkspace shares opened at $2.63, with a market cap of $440.45 million, and reported $0.00 EPS for the last quarter, missing analysts' expectations.

Josh Arnold Investment Consultant LLC acquired a new stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 250,000 shares of the company's stock, valued at approximately $640,000. Talkspace makes up approximately 0.5% of Josh Arnold Investment Consultant LLC's portfolio, making the stock its 14th biggest position. Josh Arnold Investment Consultant LLC owned 0.15% of Talkspace as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TALK. Financial Management Professionals Inc. bought a new stake in shares of Talkspace in the first quarter valued at about $29,000. EntryPoint Capital LLC purchased a new position in Talkspace in the first quarter valued at about $45,000. Ameriprise Financial Inc. purchased a new position in Talkspace in the fourth quarter valued at about $53,000. CWM LLC grew its stake in Talkspace by 1,230.7% in the first quarter. CWM LLC now owns 21,265 shares of the company's stock valued at $54,000 after purchasing an additional 19,667 shares during the last quarter. Finally, Blair William & Co. IL purchased a new position in Talkspace in the first quarter valued at about $54,000. 57.37% of the stock is currently owned by institutional investors.

Talkspace Stock Performance

TALK traded down $0.03 on Wednesday, hitting $2.56. The company had a trading volume of 691,671 shares, compared to its average volume of 1,819,242. The stock has a fifty day moving average price of $2.58 and a 200-day moving average price of $2.78. Talkspace, Inc. has a 12-month low of $1.76 and a 12-month high of $4.36. The stock has a market capitalization of $427.88 million, a price-to-earnings ratio of 127.81 and a beta of 1.09.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share for the quarter, missing analysts' consensus estimates 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. Talkspace has set its FY 2025 guidance at EPS. Analysts forecast that Talkspace, Inc. will post 0.08 EPS for the current fiscal 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.