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 purchased a new position in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 223,957 shares of the company's stock, valued at approximately $573,000. Nuveen LLC owned approximately 0.13% of Talkspace at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TALK. Wells Fargo & Company MN increased its holdings in Talkspace by 51.3% in the fourth quarter. Wells Fargo & Company MN now owns 58,432 shares of the company's stock worth $181,000 after buying an additional 19,817 shares during the last quarter. Barclays PLC grew its holdings in Talkspace by 10.6% in the 4th quarter. Barclays PLC now owns 194,714 shares of the company's stock valued at $601,000 after buying an additional 18,724 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Talkspace by 133.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,308 shares of the company's stock valued at $3,744,000 after buying an additional 692,339 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Talkspace by 87.9% during the fourth quarter. MetLife Investment Management LLC now owns 77,294 shares of the company's stock worth $239,000 after acquiring an additional 36,154 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Talkspace during the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 57.37% of the company's stock.

Talkspace Price Performance

Shares of TALK traded up $0.06 during mid-day trading on Monday, hitting $2.67. The stock had a trading volume of 544,145 shares, compared to its average volume of 1,830,030. Talkspace, Inc. has a 52 week low of $1.75 and a 52 week high of $4.36. The firm has a market cap of $446.31 million, a P/E ratio of 133.32 and a beta of 1.09. The business has a fifty day moving average price of $2.59 and a 200-day moving average price of $2.79.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) 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 firm 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. As a group, research analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Talkspace 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.