CenterBook Partners LP Has $4.94 Million Holdings in Talkspace, Inc. $TALK

CenterBook Partners LP lowered its stake in Talkspace, Inc. (NASDAQ:TALK) by 29.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,361,826 shares of the company’s stock after selling 572,247 shares during the period. CenterBook Partners LP’s holdings in Talkspace were worth $4,943,000 as of its most recent SEC filing.

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

Talkspace Stock Performance

NASDAQ TALK opened at $5.22 on Monday. Talkspace, Inc. has a twelve month low of $2.22 and a twelve month high of $5.23. The stock has a market capitalization of $874.40 million, a PE ratio of 522.52 and a beta of 1.05. The stock has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $4.42.

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

Analyst Upgrades and Downgrades

TALK has been the subject of a number of analyst reports. Weiss Ratings cut Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. KeyCorp cut Talkspace from an “overweight” rating to a “hold” rating in a research report on Tuesday, March 10th. William Blair cut Talkspace from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Northland Securities cut Talkspace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Barclays cut their price objective on Talkspace from $5.50 to $5.25 and set an “equal weight” rating for the company in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.56.

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.