Talkspace, Inc. $TALK Shares Purchased by CenterBook Partners LP

CenterBook Partners LP increased its position in Talkspace, Inc. (NASDAQ:TALK) by 114.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,478,970 shares of the company’s stock after acquiring an additional 1,323,964 shares during the period. CenterBook Partners LP owned approximately 1.48% of Talkspace worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Integrity Alliance LLC. acquired a new position in shares of Talkspace in the first quarter valued at about $35,000. Parallel Advisors LLC acquired a new position in Talkspace in the 2nd quarter worth approximately $43,000. McAdam LLC purchased a new position in Talkspace during the 1st quarter worth approximately $44,000. EntryPoint Capital LLC purchased a new position in Talkspace during the 1st quarter worth approximately $45,000. Finally, International Assets Investment Management LLC acquired a new stake in Talkspace during the 2nd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TALK shares. Needham & Company LLC raised shares of Talkspace from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Friday, October 31st. Zacks Research upgraded Talkspace from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Canaccord Genuity Group upped their target price on Talkspace from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Talkspace in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.13.

Talkspace Stock Up 6.1%

NASDAQ:TALK opened at $3.30 on Friday. Talkspace, Inc. has a 52 week low of $2.22 and a 52 week high of $4.36. The stock has a market capitalization of $546.68 million, a PE ratio of 110.04 and a beta of 1.14. The stock’s 50-day moving average price is $2.92 and its 200-day moving average price is $2.81.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Talkspace had a return on equity of 3.75% and a net margin of 1.98%.The company had revenue of $59.38 million during the quarter, compared to analysts’ expectations of $57.45 million. Talkspace has set its FY 2025 guidance at EPS. Sell-side analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

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.