Talkspace, Inc. $TALK Holdings Raised by Ancora Advisors LLC

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 increased its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 138.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 525,690 shares of the company's stock after purchasing an additional 305,660 shares during the quarter. Ancora Advisors LLC owned 0.31% of Talkspace worth $1,346,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TALK. Metavasi Capital LP raised its position in shares of Talkspace by 53.3% during the 1st quarter. Metavasi Capital LP now owns 1,139,099 shares of the company's stock worth $2,916,000 after acquiring an additional 396,287 shares in the last quarter. State of Wyoming grew its holdings in Talkspace by 9.3% during the first quarter. State of Wyoming now owns 155,439 shares of the company's stock worth $398,000 after acquiring an additional 13,245 shares during the period. Ieq Capital LLC acquired a new stake in shares of Talkspace during the 1st quarter valued at approximately $100,000. EntryPoint Capital LLC purchased a new stake in Talkspace during the first quarter worth $45,000. Finally, Nuveen LLC purchased a new stake in Talkspace in the 1st quarter valued at approximately $573,000. Institutional investors and hedge funds own 57.37% of the company's stock.

Talkspace Price Performance

TALK stock traded down $0.09 during midday trading on Tuesday, hitting $2.58. The stock had a trading volume of 865,542 shares, compared to its average volume of 1,826,091. The company's 50-day moving average price is $2.58 and its 200 day moving average price is $2.79. Talkspace, Inc. has a 12-month low of $1.75 and a 12-month high of $4.36. The firm has a market cap of $432.07 million, a PE ratio of 129.06 and a beta of 1.09.

Talkspace (NASDAQ:TALK - Get Free Report) last released 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 firm 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 anticipate that Talkspace, Inc. will post 0.08 EPS for the current 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.