Talkspace, Inc. $TALK Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Talkspace, Inc. by 6.5%, owning approximately 4.54% of the company after purchasing an additional 469,543 shares.
• Talkspace reported a net margin of 1.41% for the last quarter, with a revenue of $54.31 million, slightly surpassing analyst estimates.
• Analyst ratings for Talkspace are generally positive, with an average rating of "Buy" and a price target of $4.50.

Vanguard Group Inc. increased its stake in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,650,330 shares of the company's stock after buying an additional 469,543 shares during the quarter. Vanguard Group Inc. owned about 4.54% of Talkspace worth $19,585,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Talkspace by 27.6% during the fourth 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 during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Talkspace during the first quarter valued at $29,000. ProShare Advisors LLC grew its holdings in shares of Talkspace by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 34,622 shares of the company's stock valued at $107,000 after buying an additional 11,392 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Talkspace by 48.5% during the fourth quarter. Legal & General Group Plc now owns 36,146 shares of the company's stock valued at $112,000 after buying an additional 11,809 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Talkspace during the fourth quarter valued at $53,000. 57.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Katelyn Watson sold 39,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $3.30, for a total transaction of $128,700.00. Following the sale, the chief marketing officer directly owned 433,997 shares of the company's stock, valued at $1,432,190.10. This represents a 8.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is currently owned by insiders.

Talkspace Stock Performance

Shares of TALK stock remained flat at $2.66 during mid-day trading on Monday. 746,019 shares of the stock traded hands, compared to its average volume of 1,579,491. The stock's 50-day moving average price is $2.60 and its two-hundred day moving average price is $2.82. Talkspace, Inc. has a twelve month low of $1.75 and a twelve month high of $4.36. The company has a market capitalization of $445.47 million, a P/E ratio of 133.00 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 (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 for the quarter, compared to analysts' expectations of $54.08 million. Talkspace has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Talkspace presently has an average rating of "Buy" and a consensus price target of $4.50.

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.