Ancora Advisors LLC Has $1.35 Million Stock Position in Talkspace, Inc. $TALK

Key Points

• Ancora Advisors LLC increased its stake in Talkspace, Inc. by 138.9% during the first quarter, owning 525,690 shares valued at approximately $1.35 million.
• Talkspace reported a revenue of $54.31 million for the last quarter, slightly exceeding analyst estimates, while the company missed EPS expectations with a reported $0.00 EPS.
• The current market capitalization of Talkspace is $440.45 million, with shares trading at $2.63 and a price-to-earnings ratio of 131.57.

Ancora Advisors LLC boosted its position in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 138.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 525,690 shares of the company's stock after purchasing an additional 305,660 shares during the quarter. Ancora Advisors LLC owned about 0.31% of Talkspace worth $1,346,000 at the end of the most recent reporting period.

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

Talkspace Price Performance

TALK traded down $0.01 during trading on Wednesday, hitting $2.58. The stock had a trading volume of 349,341 shares, compared to its average volume of 1,818,183. The company has a 50 day moving average price of $2.58 and a 200-day moving average price of $2.78. The firm has a market cap of $431.23 million, a price-to-earnings ratio of 128.81 and a beta of 1.09. Talkspace, Inc. has a one year low of $1.76 and a one year high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $54.31 million during the quarter, compared to analyst estimates of $54.08 million. Talkspace had a net margin of 1.41% and a return on equity of 2.48%. Talkspace has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Talkspace, Inc. will post 0.08 EPS for the current fiscal 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.