Royce & Associates LP Purchases 862,098 Shares of Talkspace, Inc. $TALK

Royce & Associates LP grew its position in Talkspace, Inc. (NASDAQ:TALK) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,036,360 shares of the company’s stock after purchasing an additional 862,098 shares during the period. Royce & Associates LP owned approximately 1.83% of Talkspace worth $11,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TALK. AQR Capital Management LLC raised its holdings in Talkspace by 963.3% during the first quarter. AQR Capital Management LLC now owns 464,599 shares of the company’s stock worth $1,189,000 after acquiring an additional 420,906 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Talkspace by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company’s stock worth $364,000 after acquiring an additional 3,924 shares in the last quarter. Strs Ohio bought a new stake in Talkspace during the first quarter worth about $58,000. Creative Planning raised its holdings in Talkspace by 24.4% during the second quarter. Creative Planning now owns 80,904 shares of the company’s stock worth $225,000 after acquiring an additional 15,881 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Talkspace by 15.9% during the second quarter. Rhumbline Advisers now owns 171,477 shares of the company’s stock worth $477,000 after acquiring an additional 23,497 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.

Wall Street Analyst Weigh In

TALK has been the topic of several analyst reports. KeyCorp lowered Talkspace from an “overweight” rating to a “hold” rating in a report on Tuesday, March 10th. Canaccord Genuity Group lowered Talkspace from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Barclays dropped their target price on Talkspace from $5.50 to $5.25 and set an “equal weight” rating on the stock in a report on Monday, March 9th. William Blair lowered Talkspace from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Wall Street Zen lowered Talkspace from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.56.

Talkspace Stock Performance

Talkspace stock opened at $5.20 on Thursday. Talkspace, Inc. has a 12 month low of $2.22 and a 12 month high of $5.20. The stock’s 50 day moving average is $5.18 and its 200-day moving average is $4.33. The company has a market capitalization of $871.05 million, a price-to-earnings ratio of 520.52 and a beta of 1.07.

Talkspace (NASDAQ:TALK) last posted its earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). The firm had revenue of $61.68 million during the quarter, compared to analyst estimates of $63.32 million. Talkspace had a net margin of 0.49% and a return on equity of 1.03%. As a group, equities research analysts predict that Talkspace, Inc. will post 0.13 earnings per share for the current fiscal year.

Talkspace 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.