Capula Management Ltd Invests $2.59 Million in Talkspace, Inc. $TALK

Capula Management Ltd bought a new stake in shares of Talkspace, Inc. (NASDAQ:TALK) during the 1st quarter, HoldingsChannel.com reports. The firm bought 500,000 shares of the company’s stock, valued at approximately $2,588,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Talkspace by 5.4% during the third quarter. Vanguard Group Inc. now owns 9,453,000 shares of the company’s stock worth $26,090,000 after purchasing an additional 483,012 shares during the period. Deutsche Bank AG lifted its position in shares of Talkspace by 14.6% during the 4th quarter. Deutsche Bank AG now owns 7,094,525 shares of the company’s stock worth $25,753,000 after buying an additional 905,304 shares during the period. Geode Capital Management LLC lifted its position in shares of Talkspace by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,413,825 shares of the company’s stock worth $12,395,000 after buying an additional 15,436 shares during the period. Royce & Associates LP boosted its stake in Talkspace by 39.7% in the 4th quarter. Royce & Associates LP now owns 3,036,360 shares of the company’s stock valued at $11,022,000 after buying an additional 862,098 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Talkspace by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,711,641 shares of the company’s stock valued at $14,033,000 after buying an additional 295,984 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.56.

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $5.21 on Friday. The firm’s 50 day simple moving average is $5.21 and its 200 day simple moving average is $4.86. The company has a market capitalization of $872.73 million, a price-to-earnings ratio of 521.52 and a beta of 1.07. Talkspace, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $5.25.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The business had revenue of $61.68 million for the quarter, compared to the consensus estimate of $63.32 million. Talkspace had a return on equity of 1.03% and a net margin of 0.49%. Equities research analysts expect that Talkspace, Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other Talkspace news, insider John Charles Reilly sold 55,144 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $5.21, for a total transaction of $287,300.24. Following the transaction, the insider owned 1,057,975 shares of the company’s stock, valued at $5,512,049.75. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 23.50% of the stock is currently owned by corporate insiders.

About Talkspace

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.