Deutsche Bank AG Has $14.26 Million Stake in Talkspace, Inc. (NASDAQ:TALK)

Deutsche Bank AG boosted its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 103.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,615,485 shares of the company's stock after purchasing an additional 2,342,913 shares during the quarter. Deutsche Bank AG owned approximately 2.73% of Talkspace worth $14,262,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TALK. Vanguard Group Inc. grew its position in Talkspace by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 7,180,787 shares of the company's stock worth $22,189,000 after purchasing an additional 315,741 shares during the last quarter. Geode Capital Management LLC grew its holdings in Talkspace by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company's stock worth $9,512,000 after buying an additional 63,072 shares in the last quarter. Voss Capital LP acquired a new stake in Talkspace in the 4th quarter valued at approximately $3,981,000. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Finally, Northern Trust Corp raised its stake in Talkspace by 10.4% during the 4th quarter. Northern Trust Corp now owns 1,158,471 shares of the company's stock valued at $3,580,000 after acquiring an additional 109,432 shares in the last quarter. 57.37% of the stock is owned by institutional investors and hedge funds.

Talkspace Trading Down 0.5%

NASDAQ TALK traded down $0.02 during trading on Wednesday, reaching $2.99. 203,554 shares of the company's stock were exchanged, compared to its average volume of 1,857,038. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.36. The company's fifty day simple moving average is $2.87 and its 200-day simple moving average is $3.11. The firm has a market capitalization of $499.44 million, a PE ratio of 298.80 and a beta of 1.13.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $48.72 million for the quarter, compared to analyst estimates of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. Equities analysts forecast that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TALK has been the subject of a number of research analyst reports. Canaccord Genuity Group initiated coverage on shares of Talkspace in a research note on Thursday, April 3rd. They issued a "buy" rating and a $5.00 price target for the company. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $4.50.

Insider Activity at Talkspace

In related news, CEO Jon R. Cohen acquired 75,000 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $2.86 per share, for a total transaction of $214,500.00. Following the completion of the purchase, the chief executive officer now owns 2,267,980 shares in the company, valued at approximately $6,486,422.80. The trade was a 3.42% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 82,270 shares of company stock valued at $235,312. Corporate insiders own 23.50% of the company's stock.

About Talkspace

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.