Key Points
- Talkspace insider John Charles Reilly sold 55,144 shares on June 12 at an average price of $5.21, totaling about $287,300. The filing said the sale was made to cover tax withholding tied to vested equity awards.
- After the transaction, Reilly still owned 1,057,975 shares, and the sale represented a 4.95% reduction in his position.
- Talkspace recently reported a quarterly EPS loss of ($0.04), missing estimates, while analysts now largely rate the stock Hold with an average target price of $5.56.
Talkspace, Inc. (NASDAQ:TALK - Get Free Report) insider John Charles Reilly sold 55,144 shares of the business'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. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Talkspace Stock Performance
NASDAQ TALK opened at $5.20 on Wednesday. The business's 50 day moving average is $5.19 and its two-hundred day moving average is $4.52. Talkspace, Inc. has a 12-month low of $2.22 and a 12-month high of $5.23. The stock has a market capitalization of $871.05 million, a price-to-earnings ratio of 520.52 and a beta of 1.05.
Talkspace (NASDAQ:TALK - Get Free Report) last released its earnings results 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. Equities analysts forecast that Talkspace, Inc. will post 0.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Talkspace
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Talkspace by 102.1% in the 1st 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. Cerity Partners LLC acquired a new stake in shares of Talkspace in the 2nd quarter worth approximately $28,000. Neuberger Berman Group LLC acquired a new stake in shares of Talkspace in the 4th quarter worth approximately $38,000. Quantinno Capital Management LP purchased a new position in shares of Talkspace during the 1st quarter worth $55,000. Finally, Vise Technologies Inc. purchased a new position in shares of Talkspace during the 4th quarter worth $40,000. Institutional investors and hedge funds own 57.37% of the company's stock.
Wall Street Analyst Weigh In
TALK has been the topic of several recent analyst reports. Northland Securities cut Talkspace from a "strong-buy" 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. Needham & Company LLC cut Talkspace from a "buy" rating to a "hold" rating in a research report on Monday, March 9th. KeyCorp cut Talkspace from an "overweight" rating to a "hold" rating in a research report on Tuesday, March 10th. Finally, Canaccord Genuity Group cut Talkspace from a "buy" rating to a "hold" rating in a research report on Monday, March 9th. One equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.56.
View Our Latest Report on TALK
About Talkspace
(
Get Free Report)
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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