Talkspace, Inc. (NASDAQ:TALK) CEO Jon R. Cohen Acquires 75,000 Shares

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) CEO Jon R. Cohen purchased 75,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $2.86 per share, with a total value of $214,500.00. Following the purchase, the chief executive officer now directly owns 2,267,980 shares in the company, valued at $6,486,422.80. This represents a 3.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Talkspace Trading Up 1.7 %

Shares of NASDAQ:TALK traded up $0.05 during trading on Friday, reaching $2.91. The company's stock had a trading volume of 2,635,656 shares, compared to its average volume of 1,786,458. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $4.36. The firm's 50 day simple moving average is $3.25 and its two-hundred day simple moving average is $2.87. The stock has a market capitalization of $491.57 million, a PE ratio of 291.29 and a beta of 1.15.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. The firm had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Research analysts anticipate that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Northland Securities assumed coverage on shares of Talkspace in a report on Wednesday, November 20th. They set an "outperform" rating and a $5.00 price objective for the company. Mizuho assumed coverage on shares of Talkspace in a report on Wednesday, December 4th. They set an "outperform" rating and a $5.00 price objective for the company. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a report on Friday, February 21st. KeyCorp assumed coverage on shares of Talkspace in a report on Monday, December 9th. They set an "overweight" rating and a $4.50 price objective for the company. Finally, Northland Capmk raised shares of Talkspace to a "strong-buy" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $4.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TALK. Vanguard Group Inc. lifted its stake in Talkspace by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 7,180,787 shares of the company's stock worth $22,189,000 after purchasing an additional 315,741 shares during the last quarter. Deutsche Bank AG lifted its stake in Talkspace by 103.1% in the fourth quarter. Deutsche Bank AG now owns 4,615,485 shares of the company's stock worth $14,262,000 after purchasing an additional 2,342,913 shares during the last quarter. Geode Capital Management LLC lifted its stake in Talkspace by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company's stock worth $9,512,000 after purchasing an additional 63,072 shares during the last quarter. State Street Corp lifted its stake in Talkspace by 36.4% in the third quarter. State Street Corp now owns 2,176,589 shares of the company's stock worth $4,549,000 after purchasing an additional 580,826 shares during the last quarter. Finally, Voss Capital LP bought a new stake in Talkspace in the fourth quarter worth about $3,981,000. Institutional investors own 57.37% of the company's stock.

Talkspace Company Profile

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.