Talkspace, Inc. (NASDAQ:TALK) Stock Holdings Raised by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 103.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 2.73% of Talkspace worth $14,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cibc World Markets Corp purchased a new position in Talkspace in the 4th quarter valued at approximately $36,000. Belvedere Trading LLC acquired a new stake in Talkspace in the fourth quarter valued at $37,000. Ameriprise Financial Inc. purchased a new position in shares of Talkspace in the fourth quarter valued at $53,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Talkspace in the fourth quarter valued at $69,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Talkspace during the 4th quarter worth $71,000. Institutional investors and hedge funds own 57.37% of the company's stock.

Insider Transactions at Talkspace

In other Talkspace news, CEO Jon R. Cohen acquired 75,000 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $2.86 per share, for a total transaction of $214,500.00. Following the purchase, the chief executive officer now directly owns 2,267,980 shares in the company, valued at $6,486,422.80. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have acquired 82,270 shares of company stock valued at $235,312. 23.50% of the stock is currently owned by insiders.

Talkspace Trading Up 1.0%

NASDAQ:TALK traded up $0.03 during trading hours on Monday, hitting $3.01. The stock had a trading volume of 1,499,794 shares, compared to its average volume of 1,862,197. The company has a market cap of $503.62 million, a PE ratio of 301.30 and a beta of 1.13. The business has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $3.11. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36.

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

Wall Street Analyst Weigh In

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

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.