John Charles Reilly Sells 40,289 Shares of Talkspace (NASDAQ:TALK) Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly sold 40,289 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $5.20, for a total transaction of $209,502.80. Following the completion of the sale, the insider directly owned 1,017,686 shares in the company, valued at $5,291,967.20. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $287,300.24.

Talkspace Stock Performance

Talkspace stock remained flat at $5.21 during mid-day trading on Monday. 3,209,597 shares of the company’s stock were exchanged, compared to its average volume of 1,752,394. Talkspace, Inc. has a 1 year low of $2.22 and a 1 year high of $5.23. The firm’s fifty day moving average is $5.19 and its 200 day moving average is $4.58. The company has a market capitalization of $872.73 million, a price-to-earnings ratio of 521.52 and a beta of 1.05.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $63.32 million. As a group, research analysts expect that Talkspace, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP raised its holdings in shares of Talkspace by 526.9% during the third quarter. Royce & Associates LP now owns 2,174,262 shares of the company’s stock valued at $6,001,000 after buying an additional 1,827,459 shares during the last quarter. First Eagle Investment Management LLC increased its position in Talkspace by 18.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,890,630 shares of the company’s stock valued at $5,218,000 after acquiring an additional 289,500 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Talkspace in the 4th quarter valued at approximately $450,000. Occam Crest Management LP raised its stake in Talkspace by 77.7% during the 4th quarter. Occam Crest Management LP now owns 1,830,000 shares of the company’s stock valued at $6,643,000 after acquiring an additional 800,000 shares in the last quarter. Finally, Xponance Inc. acquired a new position in Talkspace during the 3rd quarter worth $31,000. Institutional investors own 57.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TALK has been the subject of a number of research reports. Weiss Ratings downgraded Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. KeyCorp downgraded Talkspace from an “overweight” rating to a “hold” rating in a report on Tuesday, March 10th. Barclays reduced their price objective on Talkspace from $5.50 to $5.25 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Needham & Company LLC downgraded Talkspace from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, William Blair lowered Talkspace from a “strong-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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.56.

Talkspace Company Profile

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.