Insider Buying: Talkspace, Inc. (NASDAQ:TALK) Insider Acquires 5,470 Shares of Stock

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) insider John Charles Reilly bought 5,470 shares of Talkspace stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $2.88 per share, with a total value of $15,753.60. Following the completion of the acquisition, the insider now owns 875,266 shares of the company's stock, valued at $2,520,766.08. This represents a 0.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

John Charles Reilly also recently made the following trade(s):

• On Thursday, February 27th, John Charles Reilly bought 1,800 shares of Talkspace stock. The shares were acquired at an average price of $2.81 per share, for a total transaction of $5,058.00.

Talkspace Price Performance

Shares of TALK traded up $0.09 during trading hours on Tuesday, hitting $2.87. The company's stock had a trading volume of 2,996,047 shares, compared to its average volume of 1,761,413. The business has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $2.87. Talkspace, Inc. has a 52-week low of $1.60 and a 52-week high of $4.36. The company has a market cap of $484.81 million, a price-to-earnings ratio of 287.29 and a beta of 1.14.

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

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Institutional Trading of Talkspace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cibc World Markets Corp purchased a new position in Talkspace during the 4th quarter valued at about $36,000. Belvedere Trading LLC bought a new position in shares of Talkspace in the fourth quarter valued at approximately $37,000. Sugar Maple Asset Management LLC purchased a new position in Talkspace during the third quarter valued at approximately $33,000. Ameriprise Financial Inc. bought a new stake in Talkspace during the 4th quarter worth approximately $53,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Talkspace in the 4th quarter worth approximately $69,000. 57.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About Talkspace

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.