Groupe la Francaise Increases Stock Position in Talkspace, Inc. $TALK

Groupe la Francaise raised its holdings in Talkspace, Inc. (NASDAQ:TALK) by 30.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 853,800 shares of the company’s stock after buying an additional 201,000 shares during the quarter. Groupe la Francaise’s holdings in Talkspace were worth $4,440,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Talkspace by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,711,641 shares of the company’s stock worth $14,033,000 after acquiring an additional 295,984 shares during the period. Hsbc Holdings PLC bought a new position in shares of Talkspace in the 1st quarter worth approximately $1,703,000. Capula Management Ltd purchased a new position in shares of Talkspace in the 1st quarter valued at approximately $2,588,000. Janus Henderson Group PLC purchased a new position in shares of Talkspace in the 1st quarter valued at approximately $1,553,000. Finally, ABC Arbitrage SA bought a new stake in shares of Talkspace during the first quarter valued at approximately $2,009,000. Institutional investors own 57.37% of the company’s stock.

Insiders Place Their Bets

In related news, insider John Reilly sold 55,144 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $5.21, for a total transaction of $287,300.24. Following the completion of the transaction, the insider owned 1,057,975 shares of the company’s stock, valued at $5,512,049.75. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 23.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Talkspace in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.56.

Talkspace Stock Performance

Shares of TALK opened at $5.25 on Tuesday. Talkspace, Inc. has a fifty-two week low of $2.49 and a fifty-two week high of $5.25. The firm’s 50-day simple moving average is $5.23 and its two-hundred day simple moving average is $5.16.

Talkspace (NASDAQ:TALK) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Talkspace had a net margin of 0.08% and a return on equity of 0.17%. The business had revenue of $61.67 million for the quarter, compared to the consensus estimate of $67.99 million. As a group, equities analysts expect that Talkspace, Inc. will post 0.14 earnings per share for the current fiscal year.

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.