Dimensional Fund Advisors LP lifted its holdings in Talkspace, Inc. (NASDAQ:TALK – Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,711,641 shares of the company’s stock after purchasing an additional 295,984 shares during the period. Dimensional Fund Advisors LP’s holdings in Talkspace were worth $14,033,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Talkspace by 963.3% in the first quarter. AQR Capital Management LLC now owns 464,599 shares of the company’s stock valued at $1,189,000 after purchasing an additional 420,906 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 period. Strs Ohio acquired a new position in shares of Talkspace during the 1st quarter worth approximately $58,000. Creative Planning lifted its position in shares of Talkspace by 24.4% during the 2nd quarter. Creative Planning now owns 80,904 shares of the company’s stock valued at $225,000 after buying an additional 15,881 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Talkspace by 15.9% during the 2nd quarter. Rhumbline Advisers now owns 171,477 shares of the company’s stock valued at $477,000 after buying an additional 23,497 shares in the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.
Insider Buying and Selling at Talkspace
In other news, insider John Charles 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 value of $287,300.24. Following the transaction, the insider owned 1,057,975 shares in the company, valued at $5,512,049.75. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.
Talkspace Stock Up 0.2%
Talkspace (NASDAQ:TALK – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Talkspace had a return on equity of 1.03% and a net margin of 0.49%.The firm had revenue of $61.67 million during the quarter, compared to analyst estimates of $67.99 million. As a group, sell-side analysts expect that Talkspace, Inc. will post 0.13 earnings per share for the current year.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.56.
Get Our Latest Stock Analysis on TALK
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.
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