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

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 stock was sold at an average price of $5.20, for a total value of $209,502.80. Following the sale, the insider owned 1,017,686 shares in the company, valued at approximately $5,291,967.20. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $5.21, for a total value of $287,300.24.

Talkspace Price Performance

Talkspace stock opened at $5.20 on Wednesday. The stock has a market cap of $871.05 million, a PE ratio of 520.52 and a beta of 1.05. The stock’s fifty day moving average is $5.20 and its two-hundred day moving average is $4.59. Talkspace, Inc. has a 1-year low of $2.22 and a 1-year high of $5.23.

Talkspace (NASDAQ:TALK) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) 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. On average, research analysts expect that Talkspace, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. William Blair cut shares of Talkspace from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Northland Securities cut shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Barclays dropped their price objective on Talkspace from $5.50 to $5.25 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Canaccord Genuity Group downgraded Talkspace from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings cut Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Talkspace has a consensus rating of “Hold” and a consensus price target of $5.56.

Hedge Funds Weigh In On Talkspace

Several institutional investors have recently added to or reduced their stakes in TALK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Talkspace by 2.8% during the 1st 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. Parallel Advisors LLC boosted its holdings in shares of Talkspace by 25.8% in the third quarter. Parallel Advisors LLC now owns 19,500 shares of the company’s stock valued at $54,000 after acquiring an additional 4,000 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Talkspace by 102.1% during the first quarter. Royal Bank of Canada now owns 8,192 shares of the company’s stock worth $42,000 after acquiring an additional 4,138 shares during the period. Intech Investment Management LLC increased its stake in shares of Talkspace by 11.9% during the fourth quarter. Intech Investment Management LLC now owns 49,701 shares of the company’s stock worth $180,000 after acquiring an additional 5,277 shares during the period. Finally, Invesco Ltd. raised its holdings in Talkspace by 10.1% during the fourth quarter. Invesco Ltd. now owns 87,765 shares of the company’s stock worth $319,000 after purchasing an additional 8,015 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

About Talkspace

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.