Vanguard Group Inc. Boosts Stock Position in Talkspace, Inc. $TALK

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 Talkspace, Inc. (NASDAQ:TALK - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,650,330 shares of the company's stock after acquiring an additional 469,543 shares during the period. Vanguard Group Inc. owned approximately 4.54% of Talkspace worth $19,585,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TALK. Wells Fargo & Company MN lifted its holdings in shares of Talkspace by 51.3% in the 4th quarter. Wells Fargo & Company MN now owns 58,432 shares of the company's stock worth $181,000 after acquiring an additional 19,817 shares during the last quarter. Legal & General Group Plc grew its stake 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. Barclays PLC raised its holdings in shares of Talkspace by 10.6% in the fourth quarter. Barclays PLC now owns 194,714 shares of the company's stock worth $601,000 after buying an additional 18,724 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Talkspace by 133.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,211,308 shares of the company's stock valued at $3,744,000 after acquiring an additional 692,339 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Talkspace by 87.9% in the fourth quarter. MetLife Investment Management LLC now owns 77,294 shares of the company's stock worth $239,000 after purchasing an additional 36,154 shares during the period. 57.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CMO Katelyn Watson sold 39,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $3.30, for a total value of $128,700.00. Following the completion of the transaction, the chief marketing officer directly owned 433,997 shares of the company's stock, valued at $1,432,190.10. This trade represents a 8.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company's stock.

Talkspace Trading Down 0.8%

Shares of TALK traded down $0.02 during trading hours on Thursday, reaching $2.63. 967,922 shares of the company traded hands, compared to its average volume of 1,279,348. The firm has a market cap of $440.45 million, a price-to-earnings ratio of 131.57 and a beta of 1.09. Talkspace, Inc. has a 12-month low of $1.75 and a 12-month high of $4.36. The stock's fifty day moving average price is $2.59 and its 200 day moving average price is $2.81.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.00 EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.01). The company had revenue of $54.31 million for the quarter, compared to analysts' expectations of $54.08 million. Talkspace had a return on equity of 2.48% and a net margin of 1.41%. Talkspace has set its FY 2025 guidance at EPS. On average, research analysts forecast that Talkspace, Inc. will post 0.08 earnings per share 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.