John Charles Reilly Acquires 5,470 Shares of Talkspace, Inc. (NASDAQ:TALK) Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly acquired 5,470 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $2.88 per share, with a total value of $15,753.60. Following the acquisition, the insider now owns 875,266 shares in the company, valued at approximately $2,520,766.08. This trade represents a 0.63 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, February 27th, John Charles Reilly acquired 1,800 shares of Talkspace stock. The stock was bought at an average cost of $2.81 per share, with a total value of $5,058.00.

Talkspace Price Performance

Shares of Talkspace stock opened at $2.86 on Friday. The business has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $2.84. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $4.36. The stock has a market capitalization of $483.12 million, a P/E ratio of 286.29 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last announced its 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 return on equity of 0.98% and a net margin of 0.61%. The business had revenue of $48.72 million during the quarter, compared to analysts’ expectations of $49.94 million. As a group, research analysts anticipate that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Talkspace

A number of hedge funds have recently made changes to their positions in TALK. Sugar Maple Asset Management LLC acquired a new position in shares of Talkspace during the third quarter valued at approximately $33,000. Cibc World Markets Corp purchased a new stake in shares of Talkspace in the fourth quarter valued at approximately $36,000. Belvedere Trading LLC purchased a new stake in shares of Talkspace in the fourth quarter valued at approximately $37,000. Ameriprise Financial Inc. purchased a new stake in shares of Talkspace in the fourth quarter valued at approximately $53,000. Finally, Creative Planning grew its position in shares of Talkspace by 30.6% in the third quarter. Creative Planning now owns 26,386 shares of the company’s stock valued at $55,000 after purchasing an additional 6,179 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

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.