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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Talkspace by 27.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,177 shares of the company's stock valued at $156,000 after buying an additional 10,849 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Talkspace during the 1st quarter worth approximately $29,000. ProShare Advisors LLC increased its holdings in shares of Talkspace by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 34,622 shares of the company's stock worth $107,000 after buying an additional 11,392 shares during the last quarter. State of Wyoming increased its holdings in shares of Talkspace by 9.3% in the 1st quarter. State of Wyoming now owns 155,439 shares of the company's stock worth $398,000 after buying an additional 13,245 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of Talkspace in the 4th quarter worth $53,000. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Talkspace Price Performance

Talkspace stock traded down $0.09 during mid-day trading on Tuesday, hitting $2.58. The company's stock had a trading volume of 865,772 shares, compared to its average volume of 1,826,988. The stock has a market cap of $432.07 million, a price-to-earnings ratio of 129.06 and a beta of 1.09. The business has a 50 day moving average price of $2.58 and a 200-day moving average price of $2.79. Talkspace, Inc. has a 12 month low of $1.75 and a 12 month high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) 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 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. On average, equities research analysts expect that Talkspace, Inc. will post 0.08 earnings per share 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.