Nuveen LLC Invests $573,000 in Talkspace, Inc. $TALK

Key Points

• Nuveen LLC purchased a new stake in Talkspace, acquiring 223,957 shares valued at approximately $573,000, representing about 0.13% ownership in the company.
• Other institutional investors have also increased their stakes in Talkspace, with notable increases from Wells Fargo, Barclays, and Dimensional Fund Advisors, contributing to a total institutional ownership of 57.37%.
• Talkspace recently reported $0.00 earnings per share for the quarter, missing estimates slightly but achieving revenue of $54.31 million, which exceeded analyst expectations.

Nuveen LLC acquired a new stake in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 223,957 shares of the company's stock, valued at approximately $573,000. Nuveen LLC owned about 0.13% of Talkspace at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in Talkspace during the first quarter valued at $29,000. Ameriprise Financial Inc. bought a new position in Talkspace during the fourth quarter valued at about $53,000. CWM LLC raised its holdings in Talkspace by 1,230.7% during the first quarter. CWM LLC now owns 21,265 shares of the company's stock valued at $54,000 after buying an additional 19,667 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Talkspace in the 1st quarter valued at approximately $54,000. Finally, BNP Paribas Financial Markets acquired a new stake in Talkspace in the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 57.37% of the company's stock.

Talkspace Price Performance

TALK traded down $0.08 on Tuesday, hitting $2.60. The company had a trading volume of 218,988 shares, compared to its average volume of 1,823,092. The company's fifty day moving average price is $2.58 and its 200 day moving average price is $2.79. Talkspace, Inc. has a 1-year low of $1.75 and a 1-year high of $4.36. The stock has a market cap of $434.58 million, a price-to-earnings ratio of 129.81 and a beta of 1.09.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Talkspace, Inc. will post 0.08 EPS for the current year.

Talkspace Company Profile

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.