Talkspace (NASDAQ:TALK) Insider John Charles Reilly Sells 40,289 Shares

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly sold 40,289 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $5.20, for a total value of $209,502.80. Following the completion of the sale, the insider directly owned 1,017,686 shares of the company’s stock, valued at approximately $5,291,967.20. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Charles Reilly also recently made the following trade(s):

• On Friday, June 12th, John Charles Reilly sold 55,144 shares of Talkspace stock. The stock was sold at an average price of $5.21, for a total transaction of $287,300.24.

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $5.21 on Tuesday. Talkspace, Inc. has a 1-year low of $2.22 and a 1-year high of $5.23. The stock has a market cap of $872.73 million, a P/E ratio of 521.52 and a beta of 1.05. The firm has a fifty day moving average price of $5.19 and a 200 day moving average price of $4.58.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Talkspace had a return on equity of 1.03% and a net margin of 0.49%.The company had revenue of $61.68 million for the quarter, compared to analysts’ expectations of $63.32 million. Sell-side analysts expect that Talkspace, Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TALK has been the topic of a number of analyst reports. KeyCorp downgraded Talkspace from an “overweight” rating to a “hold” rating in a research note on Tuesday, March 10th. Needham & Company LLC lowered shares of Talkspace from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Canaccord Genuity Group lowered Talkspace from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. William Blair cut shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Northland Securities cut Talkspace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.56.

Institutional Trading of Talkspace

Large investors have recently modified their holdings of the business. Polar Asset Management Partners Inc. acquired a new stake in Talkspace during the 1st quarter valued at approximately $15,536,000. Mak Capital One LLC bought a new position in Talkspace during the 4th quarter worth $8,042,000. Stoic Point Capital Management LLC acquired a new stake in shares of Talkspace in the 4th quarter worth about $7,554,000. Royce & Associates LP increased its stake in shares of Talkspace by 526.9% in the third quarter. Royce & Associates LP now owns 2,174,262 shares of the company’s stock valued at $6,001,000 after purchasing an additional 1,827,459 shares during the period. Finally, Metavasi Capital LP increased its position in Talkspace by 77.3% in the 4th quarter. Metavasi Capital LP now owns 2,704,577 shares of the company’s stock valued at $9,818,000 after acquiring an additional 1,179,156 shares during the period. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Company Profile

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.