Key Points
- Talkspace insider John Charles Reilly sold 40,289 shares on June 18 at an average price of $5.20, totaling $209,502.80. After the sale, he still held 1,017,686 shares, a 3.81% reduction in ownership.
- Reilly also sold 55,144 shares on June 12 for $287,300.24, indicating additional recent insider selling in the stock.
- Talkspace recently reported a Q1 earnings miss, posting EPS of -$0.04 versus expectations of $0.02, while revenue came in below forecasts at $61.68 million. Wall Street sentiment remains cautious, with a consensus rating of Hold and an average target price of $5.56.
Talkspace, Inc. (NASDAQ:TALK - Get Free Report) insider John Charles Reilly sold 40,289 shares of the business's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $5.20, for a total transaction of $209,502.80. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
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 transaction of $287,300.24.
Talkspace Stock Performance
Shares of NASDAQ:TALK opened at $5.21 on Tuesday. Talkspace, Inc. has a one year low of $2.22 and a one year high of $5.23. The company has a market capitalization of $872.73 million, a PE ratio of 521.52 and a beta of 1.05. The stock has a fifty day moving average of $5.19 and a 200-day moving average of $4.58.
Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.06). Talkspace had a net margin of 0.49% and a return on equity of 1.03%. The company had revenue of $61.68 million during the quarter, compared to analyst estimates of $63.32 million. As a group, research analysts forecast that Talkspace, Inc. will post 0.13 EPS for the current fiscal year.
Institutional Investors Weigh In On Talkspace
A number of large investors have recently bought and sold shares of the business. Cerity Partners LLC acquired a new position in Talkspace during the 2nd quarter worth about $28,000. Xponance Inc. acquired a new position in shares of Talkspace during the 3rd quarter worth about $31,000. Nierenberg Investment Management Company Inc. acquired a new position in Talkspace during the third quarter valued at approximately $32,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Talkspace in the 3rd quarter valued at $35,000. Finally, Neuberger Berman Group LLC acquired a new position in Talkspace in the fourth quarter valued at about $38,000. 57.37% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on TALK. Northland Securities cut shares of Talkspace from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. KeyCorp downgraded Talkspace from an "overweight" rating to a "hold" rating in a research note on Tuesday, March 10th. Needham & Company LLC downgraded shares of Talkspace from a "buy" rating to a "hold" rating in a report on Monday, March 9th. Canaccord Genuity Group downgraded Talkspace from a "buy" rating to a "hold" rating in a research note on Monday, March 9th. Finally, Weiss Ratings lowered shares of Talkspace from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.56.
View Our Latest Analysis 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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