Janus Henderson Group PLC Acquires New Stake in Talkspace, Inc. $TALK

Janus Henderson Group PLC bought a new position in Talkspace, Inc. (NASDAQ:TALK) during the first quarter, HoldingsChannel.com reports. The fund bought 300,042 shares of the company’s stock, valued at approximately $1,553,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new position in shares of Talkspace in the first quarter worth about $15,536,000. Mak Capital One LLC bought a new stake in Talkspace during the 4th quarter valued at about $8,042,000. Stoic Point Capital Management LLC bought a new stake in Talkspace during the 4th quarter valued at about $7,554,000. Metavasi Capital LP boosted its position in Talkspace by 77.3% in the 4th quarter. Metavasi Capital LP now owns 2,704,577 shares of the company’s stock valued at $9,818,000 after buying an additional 1,179,156 shares during the period. Finally, Deutsche Bank AG boosted its position in Talkspace by 14.6% in the 4th quarter. Deutsche Bank AG now owns 7,094,525 shares of the company’s stock valued at $25,753,000 after buying an additional 905,304 shares during the period. 57.37% of the stock is currently owned by institutional investors.

Talkspace Stock Performance

Shares of NASDAQ:TALK opened at $5.22 on Monday. Talkspace, Inc. has a 12-month low of $2.45 and a 12-month high of $5.25. The business’s fifty day simple moving average is $5.21 and its 200-day simple moving average is $4.96.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Talkspace had a return on equity of 0.17% and a net margin of 0.08%.The company had revenue of $61.67 million for the quarter, compared to analysts’ expectations of $67.99 million. As a group, equities analysts anticipate that Talkspace, Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In other Talkspace news, insider John Charles Reilly sold 55,144 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $5.21, for a total value of $287,300.24. Following the completion of the transaction, the insider directly owned 1,057,975 shares in the company, valued at approximately $5,512,049.75. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.